On the Move: Southern Water announces new CEO

In our latest round-up of industry appointments, Ian McAulay’s successor as chief executive of Southern Water has finally been revealed.

Elsewhere, Npower’s former chief financial officer takes up a new position at Bulb while another former senior Npower employee begins a new role at Shell Energy.

Southern Water

Lawrence Gosden has been revealed as Southern Water’s new chief executive, following the news that incumbent Ian McAulay is to retire.

Gosden, who takes up the role from 1 July, began his career at Southern as a graduate and returned to the company in 2020 as chief operating officer.

Prior to returning, he spent 12 years at Thames Water where he held a number of senior executive roles.

Speaking of his new position, Gosden said: “Southern Water has made great strides in improving transparency and putting in place the foundations of change.

“We know we must continue to improve, and quickly. Working with the committed teams across Southern Water, we are ready to deliver the next phase of the transformation our customers and the environment deserves.”

McAulay said: “It’s been a privilege to have spent 37 years in the water and environment sector, and to have been able to lead Southern Water since 2017.

“I would like to thank both the board and my colleagues for the support they have shown to me in that time. The time is now right to hand over the reins and I wish Lawrence success in his new role as CEO and have every confidence that he will drive ever increasing levels of performance going forwards.”

Bulb

Npower’s former chief financial officer (CFO) Simon Stacey has announced he has taken up the role of interim CFO at Bulb.

The supplier entered the government’s Special Administration Regime (SAR) last year and the government is currently looking for a buyer.

Initial estimates had the government’s exposure to the cost of Bulb’s administration at £1.7 billion but the Business, Energy and Industrial Strategy (BEIS) Committee recently suggested taxpayers could be exposed to an additional £1.3 billion “at least”.

Stacey has extensive experience in the sector, spending almost two decades at Npower. During his time at the former big six retailer he spent five years as managing director of energy services and more than four years as managing director of Npower Home and Business.

In a post on LinkedIn, he said: “So after a short break I am pleased to share the news that I have been appointed as interim CFO at Bulb.

“I am looking forward to working with the team at Bulb to progress the business through the administration process.”

Shell Energy

Leaving Bulb is Tom Eckersley who moves to Shell Energy as the company’s B2C supply and portfolio principal.

Eckersley has spent the past five months as interim head of treasury at Bulb. He previously served as head of hedging at failed supplier People’s Energy and prior to this spent almost 13 years with Npower where he rose to become head of hedge modelling and operations, retail energy management.

He said: “I have really enjoyed my time at Bulb over the past few months, working with some truly brilliant people and playing my part in what is a hugely significant phase for the company.

“In a similar vein, I’m very happy to share that…I am starting my new role at Shell Energy. The future of domestic energy retail looks set to be exciting and I can’t wait to get started.”