Subscribe to this blog's feedTakeovers of water companies often lead to a shake up of senior management - just ask former Thames Water chief executive Jeremy Pelczer, who was replaced just over a year into his tenure following the successful bid by Macquarie Bank-led consortium Kemble Water. It appeared to be a similar story at Sutton and East Surrey, where Nick Fisher was elevated from finance director to replace managing director Phil Holder after Deutsche Bank acquired the WOC last year. Happily we can report that Holder was in fact moved upstairs to work for the German bank on future acquisition targets - rather like Pelczer's successor at Thames, David Owens, who was put in to run Thames after devising the business plan for his then employer Macquarie. So the great man (Disconnector, not Owens) wouldn't be surprised to see Holder pop up in charge of Deutsche's next takeover target, whatever that may be. Would Holder fancy a move to Birmingham or Bradford maybe?
