A water company serving 3.9 million customers in London and south-east England has doubled the pay of its chief executive, despite the regulator saying it had “elevated concern” over its financial situation. Affinity Water said its chief executive, Keith Haslett, received £1.6m for the 2024-25 financial year, up from £709,000 the year before. The bosses of six water companies – Thames Water, Anglian Water, Southern Water, United Utilities, Wessex Water and Yorkshire Water – were banned from receiving bonuses last month because of sewage spills. after newsletter promotionThe report also showed that the chief financial officer, Adam Stephens, received £298,000 for three months’ work, having joined the business in January. “Executive pay is based on performance and Severn Trent are consistently recognised as leaders.”Affinity Water was approached for comment.