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PN 05/13 Ofwat Chief Executive to step down
15 May 2013
The Board of the Water Services Regulation Authority confirms that today it has received the resignation of its Chief Executive, Regina Finn, effective from November.
The Board and Regina Finn are both committed to a smooth transition and continuation of the Periodic Review process, and Ofwat’s wider regulatory duties. The search for a successor has commenced.
Ofwat Chairman Jonson Cox said:
“We recognise that Regina wishes to take her career forward in a different direction, and we look forward to working with her over the coming months in a smooth transition process.”
Ofwat Chief Executive Regina Finn said:
“I have been honoured to lead Ofwat over the last six years and I am incredibly proud of our achievements. We have laid the foundations for a new model of regulation in which water companies have to listen to their customers and deliver a step-change in their performance. These changes will lead to long lasting improvements in the sector. With a new Chairman now established and the strengthening of the Ofwat Board, this is the right time for me to move on.”
There are no other matters relating to Ofwat to be disclosed at this time.
Notes to Editors
- The Water Services Regulation Authority (Ofwat) is the economic regulator of water and sewerage companies in England and Wales. It exercises its powers in a way that it judges will protect the interests of consumers, promote value and safeguard future water and sewerage services by allowing efficient companies to carry out their functions properly, and finance them.
- Media enquiries to Ofwat Press Office on:
Harbinder Babra 0121 644 7616 / email@example.com
Simon Markall 0121 644 7696 / firstname.lastname@example.org