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Bazalgette Finance PLC   -  38LO   

Tideway CFO to stand down in 2018

Released 07:00 07-Nov-2017

RNS Number : 7194V
Bazalgette Finance PLC
07 November 2017
 

Bazalgette Finance plc

 

07 November 2017

 

Tideway CFO to stand down in 2018

 

Mark Corben, the Chief Financial Officer for Tideway, has decided to step down next year.

 

Tideway Chairman Sir Neville Simms commented: "Mark has played a major role in getting Tideway off the ground. He has been with the project for more than five years and was pivotal when we were setting up the company in 2015. Mark has led our successful financing programme, which means the project is now well financed to the end of construction.

 

With that financing programme well advanced and the project entering a new phase next year as we start tunnelling, Mark felt it would be the right time to stand down and to seek new challenges. I would like to thank him on behalf of the Board and personally, for his very significant contribution."

 

Tideway expects to appoint a new CFO before Mark's departure next summer to allow for a smooth transition and handover.

 

Notes

 

Tideway is the organisation delivering the Thames Tideway Tunnel, a new 'super sewer' for London.

 

One of the largest infrastructure projects in Europe, the Tunnel will tackle the problem of sewage pollution in the River Thames - providing a cleaner, healthier River and the sewerage capacity London needs for generations to come.

 

Mark Corben joined Tideway from UBS Investment Bank where he was Head of European Power and Utilities. Prior to that, Mark qualified as a Chartered Accountant at Price Waterhouse. 

 

For investor enquiries contact Adolfo Pardo on 07585 962 928

 

www.tideway.london

 


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Tideway CFO to stand down in 2018 - RNS