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Thames Water's biggest shareholder withdraws from board
By Abigail Townsend
Date: Thursday 16 May 2024
(Sharecast News) - Thames Water's largest shareholder has withdrawn its representative from the crisis-hit utility's board, it was confirmed on Thursday.
Michael McNicholas represents the Ontario Municipal Retirement System, or Omers, and sat on the board as a non-executive director.
Omers holds a near 32% stake in Thames Water.
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