I’ve called on Dee Valley Water shareholders to stand up for local people – not multi-million pound executives.
I’ve also condemned the multi-million pound salary of the Chief Executive of Severn Trent Water, who are bidding to take over Dee Valley Water at a shareholder meeting tomorrow.
Severn Trent Chief executive Liv Garfield was paid £2.4 million basic salary in the last year. We want to see the money we pay in water bills invested locally, rather than funding inflated salaries for executives who have no links to the region.
I know that there are local shareholders in Dee Valley Water, and it is hugely important that they turn up to the shareholder’s meeting at the Ramada in Wrexham tomorrow, vote, and make their voice heard.
I am calling on all shareholders to do the right thing – we know that one of these bids will take control away from a successful local company and threaten hundreds of jobs in our region. I would ask all of those people who are voting on these bids to bear in mind the effect their vote will have, and for all those who support Dee Valley and do not want to see it taken over by Severn Trent to turn up, stand up and vote.