British telecommunications company Cable & Wireless Plc (CW.L) Thursday said that Tim Weller, currently the chief financial officer of water company United Utilities Group Plc (UU.L), will join the company in May 2010 as the new CFO of Cable & Wireless Worldwide business.
Meanwhile, in its press release, United Utilities said Tim Weller has decided quit in May 2010, after serving for almost four years in the role. Warrington, UK-based United Utilities stated that the search for his successor is underway. United Utilities chief executive Philip Green said, "Tim will remain with United Utilities until May of next year to ensure an orderly succession."
Cable & Wireless noted that Weller had board responsibility for the review of United Utilities' capital structure including the return of GBP 1.5 billion to shareholders. He also played a key role in regulatory price review leading to final determination of water services regulation authority Ofwat on November 26, 2009 of prices for United Utilities for the period from 2010 to 2015.
Prior to joining United Utilities, Weller served as group finance director at water and sewerage company RWE Thames Water and as group finance director at integrated energy company RWE npower. He has also worked as director of financial control for Granada Group.
In November 2009, London-based Cable & Wireless had announced its intention to demerge its Worldwide business. Cable & Wireless noted that the appointment is one more important step towards the demerger, and that Weller will be joining the Worldwide board.
Providing connectivity in 153 countries, Cable & Wireless' Worldwide business specialises in offering communications services such as IP, data, voice and hosting to large enterprise, reseller and carrier customers. It operates globally, with core markets in UK, Asia and Europe, Middle East and Africa or EMEA.
In Wednesday's regular trading session, CW closed trading on the London Stock Exchange at 141.40 pence per share down 0.70 pence or 0.49% on a volume of 3.85 million shares. In the past 52-week period, the shares have been trading in a range of 125.10 pence to 170.00 pence.
UU closed Wednesday's regular trading session on the London Stock Exchange at 492.30 pence per share down 3.10 pence or 0.63% on a volume of 2.45 million shares. In the past 52-week period, the shares have been trading in a range of 429.00 pence to 642.00 pence.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.