Part 8 of the Market Code establishes the governance arrangements for the Market and the CMA.
The governance arrangements include the role of the CMA Board, its membership, the arrangements for meetings of the Board, and the mechanism for the Board taking decisions.
The Board takes a strategic and risk-based view to ensure that the CMA fulfils its duties under the Market Code in accordance with sound business practice. It includes a chairman, chief executive, two independent non-executive directors, two Licensed Provider-nominated directors, and a Scottish Water-nominated director. The Board meets every two months and makes decisions based on a simple majority of directors.
David Sigsworth (Chairman)
With an engineering background, David was an executive director on the main board of Scottish & Southern Energy plc until he retired from the company in 2006. Subsequently he was Chair of the Scottish Environment Protection Agency for eight years. He has wide experience of utility and environmental regulation, of energy trading and customer service as well as being responsible for the development and delivery of large engineering projects. David now chairs the property development company Sigma Capital Group plc and holds several non-executive director positions with high-tech start-up companies. He also retains strong academic links and holds an honorary Professorship from the University of Dundee.
Jeremy Atkinson (Chief Executive)
Jeremy is an economist by profession, with a specialisation in industrial and regulatory economics and over twenty years of practical experience. As an economic consultant, he advised utilities, regulators and government departments internationally on tariffs, investment planning and industry restructuring. He was Director of Licensing at the Water Industry Commission for Scotland, working on the design of the Water Market in Scotland. In 2007 he set up the Central Market Agency and took the business from a start-up to a mature organisation capable of providing reliable and efficient administrative services to Licensed Providers and Scottish Water.
Brian Wilson (Non-Executive Director)
Formerly a Member of Parliament, Brian held several ministerial posts during his political career including those of Energy Minister and Trade Minister. He is an experienced journalist and writer and continues to publicly comment on UK government energy policy. Brian is a director of several private companies including Harris Tweed Hebrides Ltd and holds directorships in several energy related businesses. In 2011, he was named UK Global Director of the year by the Institute of Directors.
Fred Hallsworth (Non-Executive Director)
Fred is a Bachelor of Accountancy graduate of the University of Glasgow, and a member of the Institute of Chartered Accountants of Scotland. He has a broad range of skills from Corporate Governance to Corporate Finance and general Business Advice, gained through a 30-year career in Professional Services. He has held a number of senior management positions in Cambridge and Scotland, including Managing Partner, and Head of Corporate Finance of Arthur Andersen, and Senior Client Service Partner and Head of Technology for Deloitte. In the last 10 years he has sat on 14 Boards as an Independent Non-Executive Director. His roles have included Senior Independent Director and Audit Committee Chairman of UK and NASDAQ public companies, and private venture backed companies.
Stève Hervouet (LP Nominated Director)
Since 2016, Stève has been Head of Regulation at Water Plus. Stève has worked for more than 17 years in the water industry, working both in the UK and overseas. Prior to joining Water Plus, Stève worked for 6 years at Sembcorp Utilities as Head of Economic Regulation, and he also led Sembcorp Bournemouth Water’s readiness project for the new non-household competitive market in England. Before this, Stève spent 8 years overseas where he was Operation Director for a large water and wastewater undertaker. Stève is a Bachelor in Chemistry and he holds an International Master in Business Administration.
Tony March (LP Nominated Director)
Currently Director of Public Sector Customers at Wave. Tony has been working in the water industry for almost 20 years and in Scotland’s retail market since 2008. Tony is now in his 4th year serving as LP CMA Board representative and has been Waves’ Technical Panel representative for 4 years. Tony’s expertise in business development has been gained through his experience in various managerial positions, spanning a period of over 30 years.
Alan P Scott (SW Nominated Director)
Alan joined Scottish Water in September 2013 from Balfour Beatty Regional where he was Finance Director, having previously held the roles of Finance Director and Interim Managing Director of Balfour Beatty Engineering Services. He was Finance Director of Miller Construction for 8 years and has also held Finance Director positions in the oil service industry. He has an MA in Economics and Accounting from Aberdeen University. He qualified as a Chartered Accountant with Arthur Andersen where he spent 10 years in the Corporate Recovery Services Team.