Ofwat has today announced the appointment of Chris Walters as Senior Director for the Price Review. He will take up post in June and will lead the PR24 process which sets the price, service, and incentive package for water companies from 2025-2030.
Chris Walters brings substantial public sector leadership experience, including economic regulation of public utilities and a strong background in economics. He joins Ofwat from NHS England, where he is Director of Pricing and Costing. Before joining the NHS in 2015, he held senior roles at the OFT and CMA, including as Chief Economist.
Ofwat Chief Executive David Black said: “I am delighted that Chris is joining Ofwat to take on this significant leadership role. His depth of experience and expertise mean that he is well placed to deliver a Price Review that will tackle some of the big challenges facing the water sector, while ensuring affordable, reliable and resilient services. We look forward to welcoming him to the team.”
Chris Walters said:
“I am really looking forward to joining the team at Ofwat and leading the upcoming price review process, to make a positive difference for customers and the environment. I am passionate about the importance of public service and know the impact it can have and the benefits it brings to society. I cannot wait to get started.”
Chris Walters takes over from Aileen Armstrong who is leaving to take up a new role outside the water sector.
Chris is an economist with almost 30 years professional experience. Since 2015, he has been Director of Pricing and Costing for NHS England and before that he held senior roles at the UK’s competition watchdogs. Chris started his career in management consulting and in academia.
He has a PhD in econometrics from the London Business School and degrees in economics from the LSE and the University of London.