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Steve Formoy has extensive work experience in finance and leadership roles. From 1999 to 2014, they worked at PwC as a Director. In 2014, they joined Thames Water as an Interim CFO for Wholesale Wastewater and later transitioned to the role of Group Financial Controller. Steve then became the CFO of Wholesale Water, where they provided finance business partnering support and was responsible for Wholesale Market Services. In 2018, they took on the role of Finance Director - Operations at Thames Water, leading the finance function for Wholesale Operations across Water and Wastewater. Most recently, in 2020, they became the Finance Director at Market Operator Services Limited (MOSL).

Steve Formoy earned their Bachelor's degree in Economics from Reading University, where they attended from 1996 to 1999.