Mr Devos, who has been ceo at Veolia Water since 2007, has handed the reins to his deputy Olivier Bret, and will work closely with him over the coming months to ensure a smooth transition.
Explaining his decision to leave the company, Mr 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.”
Mr Bret, who is replaced as deputy ceo by chief financial officer Andrew Dench, 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.”
Will Parsons