New shareholders for United Utilities Australia

Wednesday, 10 November, 2010

 A consortium led by Mitsubishi Corporation is now the official shareholder of United Utilities Australia.

United Utilities has announced the sale of its subsidiary United Utilities Australia Pty Ltd and related entities (UUA) to a consortium led by Mitsubishi Corporation.

The change in shareholders sees Managing Director Mr Roch Cheroux electing to exit the business and he has been replaced by Mr Francois Gouws.

Gouws noted that the company was very appreciative of the contribution Cheroux made to the company. “Cheroux has played a key role in the development of United Utilities Australia. On behalf of the company, I would like to particularly thank Cheroux for his significant contribution over the past few years and wish him every success in his future endeavours,” he said.

“Our new shareholders are focused on ensuring we have sustainable growth over the long term and that we continue to build on our reputation for excellence as a reliable and environmentally sustainable water utility solutions provider. Central to achieving this goal is that we continue to understand and exceed our customer’s expectations and needs each day. Our underlying philosophy remains to work in partnership with customers and employees to develop a complete range of water solutions,” said Gouws.

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