Olivier will lead the business forward, while still working closely with Frédéric over the coming months to ensure a smooth transition and business continuity.
Since joining Veolia Water UK as CEO, Frédéric has led the business toward a doubling in size, capable of serving the UK commercial water market from an established geographic platform.The proposed sale of Veolia Water's regulated water companies has meant a stronger focus on the non-regulated side and in recognition of this the time was right for Olivier to take up this position.
Frédéric Devos said:"I came to London to establish a credible UK-wide business for Veolia Water and have exceeded my goal in all respects.I am driven by the challenge of building new companies and platforms and feel the time has now come for me to move on to a new challenge."
Olivier Bret said: "It has been a pleasure working alongside Frédéric over the past four years, over which time we have achieved so much and I wish him all the very best for the future.I also look to the future for Veolia Water UK with optimism as we continue to go from strength to strength as a business".
Olivier will be supported by Andrew Dench, who takes up responsibility as Deputy Chief Executive Officer for Veolia Water UK, as well as retaining his duties as Chief Financial Officer.