Supervisory Council of AS Tallinna Vesi to appoint a new CEO


On the 1st of September the Supervisory Council of AS Tallinna Vesi shall hold a
meeting in order to appoint Ian Plenderleith as the new CEO of the water company
as of 1 October 2008.                                                           
Upon the approval of the Supervisory Council, Ian Plenderleith shall take over  
the CEO's role from Roch Chéroux, who has been managing the water company since 
July 2006 and will become a senior managing director within UU international    
division as of 1 October 2008.                                                  
„My time in AS Tallinna Vesi has been extremely interesting and full of         
challenges. When I joined the Company early 2002, it was in a very different    
condition. Since then we have achieved outstanding results. The quality of      
drinking water and wastewater treatment have been raised to European Standard   
levels and the ratings of the customer satisfaction survey place us among the   
top 10% of world utilities. All of this would not have been possible without the
fantastic team, with whom I have had the honour to work with for the last six   
and a half years,” Roch Chéroux said.                                           
„It was a difficult decision to make because I really love the country, the     
Company and the Team I'm working with, and I have invested a lot of time and    
energy to turn around the Company. But in a career, it is natural to move on to 
the next level, and new challenges from time to time, “ he added.               
During the years 2004 - 2007 Ian Plenderleith (44) held the position of the     
Financial Director of AS Tallinna Vesi, also being a member of the Management   
Board. In March this year he was appointed as a member of the Supervisory       
Council of the Company.                                                         
“I am very glad that Ian has accepted this new challenge. His previous work     
experience and knowledge of the Company shall provide the continuity that is    
essential for developing the Company further,” Chéroux stated.                  
Ian Plenderleith had an important role as the Financial Director of AS Tallinna 
Vesi in developing the Company, helping to implement the necessary changes that 
enabled its listing on the Tallinn Stock Exchange in June 2005. In addition to  
managing the Financial Division, his area of responsibility also included       
Customer Services. Ian Plenderleith's work experience includes over 14 years in 
the utilities' sector both in the UK and other countries, holding several       
positions related to finance and customer services.                             
Ian Plenderleith said that as the CEO of the Company he intends to continue the 
current business strategy of the Company that has proved successful during the  
past years, ”AS Tallinna Vesi prides itself on the quality of the services it   
provides to the citizens of Tallinn. I believe that through the dedication of   
the staff of the Company and a consistent business strategy we will be able to  
keep improving the world class services that we deliver today, whilst growing   
the activities of the Company further,” he added.                               

More information:                                                               
Reigo Marosov                                                                   
Head of Communication                                                           
AS Tallinna Vesi                                                                
+3726262209 
reigo.marosov@tvesi.ee

Attachments

ian plenderleiths cv_eng.pdf