Britain's Thames Water Names
Chardavoyne as First U.S. President

U.S. Newswire
11 Aug 12:19

Contact: Carrie Foster, 202-778-1068

NEW YORK, Aug. 11 /U.S. Newswire/ -- Thames Water Plc, one of the
world's leading water and wastewater companies, today announced the
appointment of David E. Chardavoyne as its first U.S. president.

A 21-year veteran of the water industry, Chardavoyne has
previously been President of United Waterworks, Inc., the largest
wholly owned subsidiary of United Water Resources, with businesses in
twelve states.

Chardavoyne, 51, will be based at Thames' recently opened New York
area office and will focus on developing and expanding the firm's
growing U.S. businesses. "We strongly believe that David has exactly
the skills needed to help us move aggressively into the U.S. market,"
said Thames chief executive Bill Alexander. "We're committed to
rapid expansion on several fronts, including successful bidding on
projects, forming joint ventures where we see a good fit and
acquiring existing firms that complement our strengths."

Commenting on his new role, Chardavoyne said; "Thames Water is not
new to the United States. Our subsidiary products companies Ashbrook
Corporation and F.B. Leopold Company Inc. have been here for over
ten years and Thames Water will shortly commence operation of the
US$350 million Super-aqueduct project in San Juan, Puerto Rico. I am
looking forward to increasing our presence in North America, not only
as a leader in products, but also in water and wastewater services
and operations."

After earning a Master of Science degree from Cornell University
and serving over three years overseas in the U.S. Air Force,
Chardavoyne began his water industry career in 1978 with Citizens
Utilities Company in Stamford, Conn., spending 15 years in a variety
of management posts.

In his final position with the company, he reported directly to
the President and Chief Executive Officer and was an integral part of
Citizens' Strategic Leadership Team. He moved from Citizens to
Jamaica Water Securities Corp. in 1992, and was president and chief
operating officer, before joining United Waterworks in 1996.

Throughout his career, David has implemented state-of-the-art
programs in corporate reorganization, profitability improvement,
human resources and management practices. He also has significant
acquisition and divestiture experience.

Thames Water is the UK's largest water and wastewater company,
serving nearly 12 million residential and commercial customers in
London and the Thames Valley. World-wide, the company serves over
21 million people.

The Company's pre-tax profits have grown steadily throughout the
second half of the 1990s, rising from 304 million (US $486 million)
in 1995 to 412 million (US $659 million) this year. Thames is
ranked as the 96th largest corporation in the UK and it is listed on
the London Stock Exchange. It carries Standard & Poor's highest A
(plus) rating.

Thames Water has more than 12,500 employees around the globe with
major overseas projects in Turkey, Malaysia, Australia, China,
Indonesia, Thailand and the U.S. Commonwealth of Puerto Rico.

In addition to supplying water, Thames treats wastewater and
manufactures water and wastewater processing equipment, filtration
membranes and advanced separation equipment, pipes, valves and
fittings.

Thames Water is acknowledged as a world expert in the detection
and elimination of harmful water-borne bacteria such as
cryptosporidium and has assisted other water companies around the
world in dealing with this problem.

The Company has extensively tested its financial systems and
operating equipment to ensure they will not encounter any Y2K
glitches as we enter the new millennium. It estimates it has spent
more than 14 million (US $22 million-plus) on Y2K compliance
activities.