Jun 10, 2024, 2:02 PM
Jun 7, 2024, 10:49 AM
Pennon CEO receives significant pay hike despite increase in pollution incidents at South West Water
Subjective
- South West Water boss, Susan Davy, saw a 58% pay increase despite a surge in pollution incidents at the company.
- Pollution incidents at South West Water increased by 80% in 2023, as revealed by Pennon's annual report.
- The pay hike for the CEO comes amidst growing concerns over environmental impact and accountability.
Pennon's chief executive, Susan Davy, saw her pay package increase by 58% to £860,000, despite pollution incidents doubling at South West Water. The company faced criticism for the pay rise and dividend payouts, as well as ongoing water contamination issues in Devon. David Sproul was appointed as the incoming chairman, and South West Water acknowledged the need for improvement in handling sewage spills and pollution incidents. The group's pre-tax losses widened, and criticism was directed at Pennon for its actions.
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