Man who went from apprentice to water chief executive to retiree

THE chief executive of Welsh Water, which in April increased average bills to consumers by 27%, is to retire next spring. ‘The not-for profit water company, which doesn’t have any external shareholders and funds capital investment through bonds, said it has appointed headhunters to help find a successor to Peter Perry.

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He joined what was then a nationalised water company as an apprentice in the early 1980s. He was appointed chief executive in 2020 having previously been its managing director.

In its financial year to the end of March, 2024, Mr Perry's had a total remuneration of £489,000excluding pension accruals and long-term incentive plan - compared to £380,000 a year earlier. His remuneration included just over £91,000 in an executive performance related award under its annual variable pay scheme.