Water boss resigns after multiple supply failures

An important development from the financial markets: Water boss resigns after multiple supply failuresJust now Share Save Add as preferred on GoogleBBCThe chief executive of South East Water has resigned, according to the beleaguered water company. The firm said David Hinton had decided to step down but would remain in post "to allow an orderly transition over the summer period". "He feels his position has become an increasing distraction from South East Water's most important priority, which is to deliver a resilient water supply for its customers," the company said.

Several MPs had called for Hinton to go following a series of water supply failures for thousands of customers in Kent and Sussex in recent months. His exit was confirmed seven days after Chris Train, the chair of South East Water, resigned in the wake of a damning select committee report into the issues, which left tens of thousands of homes without drinking water. Interim chair Lisa Clement said: "The board acknowledges and thanks Dave for his many years of loyal dedication and service to South East Water.

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Financial markets are tracking the development closely as investors assess the likely impact.