In this special 70th episode of the Exec Exchange podcast, host Piers Clark talks with Pete Perry, Chief Executive of Welsh Water, as he approaches the twilight of his career. Pete recounts his journey from joining the company as an apprentice to leading it, highlighting Welsh Water's unique not-for-profit structure. He discusses his proudest achievements, including health and safety improvements and innovative dam safety measures. Pete also reflects on the industry's evolution since privatization in 1989 and the growing public accountability faced by water companies. As Pete prepares to hand over the reins, he shares his perspectives on the future of the water sector and advice for new entrants.