Thames Water's £1million payment to chief sparks calls for special administration

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GB News

Thames Water's £1million payment to chief sparks calls for special administration

Thames Water has faced fresh calls to be placed into special administration after its chief financial officer Steve Buck received a £1million signing-on payment. Mr Buck, who joined Thames Water from Pennon Group in April 2025, received the payment last month through an emergency lending facility provided by the company’s creditors. The payment had been delayed while a wider management retention scheme was suspende…