Thames Water gave its finance boss, Steve Buck, a £1m signing-on payment as part of a package designed to secure his move to the company.
The payment was a seven-figure sum and formed part of the arrangements offered to persuade Mr Buck to join the troubled utility firm.
The disclosure places attention on executive rewards at Thames Water, which is described in the supplied material as a troubled utility company. The source material does not provide further details on the wider terms of Mr Buck’s package, the timing of the payment, or any response from Thames Water or Mr Buck.
The latest known position is that the £1m payment was made as part of the recruitment package for the company’s finance boss. No additional official statement or next step is included in the supplied material.
