Head of Ofwat to resign amid government plans to abolish the water regulator
The chief executive of Ofwat is set to step down at the end of August as the water regulator, facing challenges, prepares for abolition.
An interim chief executive is being appointed to replace David Black soon.
The Government announced last month that the regulator would be abolished as part of a regulatory shake-up, responding to public outrage over rising bills, sewage pollution, and large bonuses for executives.
Ofwat may not be formally dismantled until at least 2027 because the process to overhaul the current system is likely to be complex.
Mr. Black decided it was the right time for him to pursue new opportunities, the regulator said.
Commenting on his decision, Mr. Black said: "I have been privileged to lead Ofwat over the last four years, during which time we have achieved a tremendous amount together as a team for customers and the environment.
"The 2024 price review backed an investment programme of £104bn, along with a further £50 billion investment in major new water resources, which will improve service, environmental outcomes, and resilience in the years to come.
"I wish the team every success as they continue their important work."
Ofwat chair Iain Coucher said: "David has worked tirelessly to bring about transformational change in the water sector. He has sought new regulatory powers and resources to hold companies accountable, taken major enforcement actions, and provided funding and incentive packages that drive continual improvements for customers.
"On behalf of the Board and everyone at Ofwat, I would like to thank David for his leadership and service over the last 13 years and to wish him every success in the future."
Mr. Black took over as Ofwat’s permanent head in April 2022, having held the position on an interim basis for the previous 12 months.
He has worked for the water regulator in various roles since 2012.
Water companies are under increasing pressure from Environment Secretary Steve Reed over their distribution of executive bonuses even as the number of serious pollution incidents has increased.
Meanwhile, the UK’s largest water utility, Thames Water, is on the verge of being temporarily nationalized through a special administration regime as it attempts to secure a private sector bailout led by its creditors.
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