![]() ![]() After completing your design, you can print it out, write your letter, and add it to an envelope. Whether you're writing a nice note to grandma or want to keep in touch with a pen pal, adding some graphics to your letter will make it so much more memorable. Once you've picked your template, you can customize your paper to make your letter special. You can give your letter a simple look with a modern design, go back in time with a vintage template, or keep it playful with some fun illustrations. To start, choose your favorite template on Microsoft Create. Make your letter more graphically appealing in a flash using templates. And by writing your letter on custom-made paper, you can personalize your letter even more. Although writing out a message takes more effort than just sending a text message, a letter will mean so much more to the recipient. I wish everyone involved in the turnaround the very best.In this digital age, getting a handwritten letter in the mail is a rare but wonderful surprise. “The foundations of the turnaround that we have laid position the company for future success to improve service for customers and environmental performance. ![]() Ms Bentley said: “It has been an honour to take on such a significant challenge, and a privilege to serve Thames Water’s dedicated and inspirational colleagues. “On behalf of everyone at Thames, the board wishes her every success for the future.” Thames Water chairman Ian Marchant, said: “I want to thank Sarah for everything she has done since joining the company in 2020, building a first class executive team and leading the first phase of the turnaround of the company. Against this backdrop it simply doesn’t feel right to take my bonus this year.” “These have hit our customer and environmental performance. “The turnaround plan is not yet where I want it to be primarily due to significant headwinds from extraordinary energy costs, coupled with two severe weather events. In May, she said: “We are a relatively new team executing an eight-year turnaround plan to transform Thames Water and we have taken some important steps forward this year. Ms Bentley’s departure comes just weeks after she and Mr Cochran said in May that they would give up their bonuses for the 2022/23 financial year. Thames Water directors Alastair Cochran and Cathryn Ross are taking over as joint interim chief executives as a search for Ms Bentley’s replacement is conducted. Thames’ previous owner, the Australian bank Macquarie, was accused of underinvesting in the company while extracting billions of pounds in dividends and loading it up with debt.ĭespite its transformation plan, documents released last week suggested that the leakage rate from Thames Water pipes was at its highest rate since 2018. Ms Bentley was hired in late 2020 to oversee an eight-year turnaround plan for Thames Water, which is responsible for supplying water to one in four UK households.īut delivering change quickly enough has proved difficult after years of underinvestment in the UK’s water systems since privatisation. Discussions over this additional funding are continuing. Shareholders agreed to pump in £500m into Thames in June last year as part of a deal welcomed by the industry regulator Ofwat.Īt the time, Thames said that there was “the prospect of a further £1bn of equity to follow subject to performance milestones”. Investment bank Rothschild and law firm Slaughter & May are advising on funding options for the business, with a £1.4bn bond due to be repaid by the end of next year.Įxperts from the restructuring business Alix Partners are providing support on the operational turnaround of the business, the Telegraph can disclose. Thames Water’s owners – which include China’s state-owned sovereign wealth fund – are considering whether to provide an additional £1bn that could be used to improve services and pay down a £14bn debt pile. Ms Bentley stepped down just weeks after saying she was part of a “relatively new team” trying to improve the fortunes of Thames Water, which has been rocked by repeated recriminations over dumping sewage and banning hosepipe use at a time when it had failed to fix leaks. The Government is understood to have begun drawing up contingency plans for the collapse of the company if the stand-off over its debts cannot be resolved. Sarah Bentley’s surprise departure comes amid long-running talks between the owners of Britain’s biggest water company about how to pay for additional investment in the company. The boss of Thames Water has quit as the company races to raise £1bn from its shareholders. ![]()
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