Water retailer brings board level stalwart Ed Smith on board as a non-executive director
Edinburgh-based Business Stream has appointed one of Scotland’s leading executives to strengthen its team ahead of the opening of the English water market in 2017.
The water retailer has recruited Ed Smith – formerly head of global transaction banking at Lloyds Banking Group – to its senior team as a non-executive director.
Smith’s career spans 16 years at board level across a range of different sectors, including food and drink, manufacturing, banking and insurance.
Susan Rice, chair of Business Stream, said: “In Ed, we’ve appointed a senior executive with experience of business transformation, supply chain management, M&A integration and customer service excellence, all of which will be key to our growth plans. He’s a welcome addition to our board, and I’m sure he’ll play a key role as we prepare to compete in the English water market from April next year.
“With competition in Scotland now firmly established, Business Stream is aiming to extend its foothold in the English market, which opens to competition in April 2017. Around 1.2 million businesses and public bodies in England will be able to choose their water supplier, currently an option only available to the largest users.”
Smith added: “I’m delighted to be joining Business Stream at such an exciting time. The next year will be pivotal for Business Stream and I’m looking forward to playing a part in the company’s continued expansion across the UK.”
Already the market leader in Scotland, Business Stream is set to be the third-biggest operator in the combined Anglo-Scottish market, having purchased the non-household customer base of Southern Water during the summer.