How will you rescue Thames Water? MPs seek answers from chairman
After a stellar career helping to oversee companies on behalf of the government, or sitting on high-profile boards, Sir Adrian Montague finds himself in front of MPs on Tuesday to explain how he is going to pull off his biggest coup yet.
The 77-year-old chairman of Thames Water has been called before the environment select committee of the Commons.
The question is: just how does he rescue Britain's largest privatised water monopoly, which is in a financial and regulatory crisis, is £20 billion in debt, has no shareholders after the last lot withdrew their support and has one of the worst records on pollution, leakage and customer service?
The Treasury wants to stop Thames Water being renationalised via a special administration regime in which the
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