LONDON (Reuters) -Britain's Ofwat said on Tuesday its chief executive, David Black, would step down following a government decision last month to abolish the water regulator. In a statement, which
Ofwat CEO David Black to Depart Amid Regulatory Changes in UK
Leadership Changes at Ofwat
LONDON (Reuters) -Britain's Ofwat said on Tuesday its chief executive, David Black, would step down following a government decision last month to abolish the water regulator.
Reason for Departure
In a statement, which came after Sky News first reported the story, Ofwat announced that Black has decided the "time is right to pursue new opportunities" and would step down at the end of August.
Future of Ofwat
An interim replacement is set to be appointed in due course, the regulator added.
Interim Leadership
It comes after environment minister Steve Reed said last month he had agreed to abolish Ofwat as part of a regulatory overhaul. Britain will create a new powerful regulator for its water industry following public fury over sewage spills.
(Reporting by Catarina Demony; editing by James Davey and Giles Elgood)
