GBAF Logo
Finance

CEO of UK's water regulator to step down, Sky News reports

Published by Global Banking & Finance Review

Posted on August 5, 2025

1 min read

· Last updated: January 22, 2026

Add as preferred source on Google
Shareholders supporting PHP's bid for Assura in finance news - Global Banking & Finance Review
The image depicts a financial market scene highlighting Assura shareholders' support for PHP's takeover bid, emphasizing investor confidence in UK finance amid private equity competition.
Appointment management financial sector regulatory framework UK economy
Global Banking & Finance Awards 2026 — Call for Entries

LONDON (Reuters) -The chief executive of British water regulator Ofwat, David Black, is to step down, Sky News reported on Tuesday. It comes after environment minister Steve Reed said last month he

CEO of UK's water regulator to step down, Sky News reports

LONDON (Reuters) -The chief executive of British water regulator Ofwat, David Black, is to step down, Sky News reported on Tuesday.

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)

Key Takeaways

  • David Black, CEO of Ofwat, is stepping down.
  • UK plans to abolish Ofwat amid regulatory changes.
  • A new powerful water regulator will be created.
  • Public outrage over sewage spills influenced changes.
  • Environment minister Steve Reed announced the overhaul.

Frequently Asked Questions

Who is stepping down as CEO of Ofwat?
David Black, the chief executive of British water regulator Ofwat, is to step down.
What prompted the resignation of Ofwat's CEO?
The resignation follows environment minister Steve Reed's agreement to abolish Ofwat as part of a regulatory overhaul.
What changes are being made to the water regulation in the UK?
Britain will create a new powerful regulator for its water industry following public fury over sewage spills.

Tags

Related Articles

Image for North Korea's Kim says will continue to support Russia's policies, KCNA says

North Korea's Kim says will continue to support Russia's policies, KCNA says

Image for Oil jumps, stock futures slip as US-Iran talks stall

Oil jumps, stock futures slip as US-Iran talks stall

Image for Oil jumps more than 2% as US-Iran peace talks stall

Oil jumps more than 2% as US-Iran peace talks stall

Image for Global military spending rises 2.9% despite US decline over Ukraine freeze

Global military spending rises 2.9% despite US decline over Ukraine freeze

Image for Suspect in White House press dinner shooting wrote anti-Christian manifesto, Trump says

Suspect in White House press dinner shooting wrote anti-Christian manifesto, Trump says

Image for Trump says he speaks with Putin and Zelenskiy -Fox News

Trump says he speaks with Putin and Zelenskiy -Fox News

More from Finance

Explore more articles in the Finance category

Image for Trump tells Fox News Iran can call US if it wants to negotiate
Trump tells Fox News Iran can call US if it wants to negotiate
Image for Australia's Wong to visit Japan, China, South Korea to discuss energy security
Australia's Wong to visit Japan, China, South Korea to discuss energy security
Image for Hungary's Magyar to meet EU's von der ​Leyen for talks on EU funds this week
Hungary's Magyar to meet EU's von der ​Leyen for talks on EU funds this week
Image for Switzerland angers Italy by claiming costs of treating Crans-Montana fire victims
Switzerland angers Italy by claiming costs of treating Crans-Montana fire victims
Image for Russian defence minister visits North Korea
Russian defence minister visits North Korea
Image for Fertiliser plant in Russia's Vologda region damaged in Ukrainian drone attack, governor says
Fertiliser plant in Russia's Vologda region damaged in Ukrainian drone attack, governor says
Image for Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
Image for Germany's far-right AfD rises to record 28%, INSA poll shows
Germany's far-right AfD rises to record 28%, INSA poll shows
Image for German government suspects Russia of Signal attack targeting politicians, sources say
German government suspects Russia of Signal attack targeting politicians, sources say
Image for Romania finds parts of second drone after overnight Russian attack on Ukraine
Romania finds parts of second drone after overnight Russian attack on Ukraine
Image for China condemns EU's inclusion of Chinese entities in sanctions package against Russia
China condemns EU's inclusion of Chinese entities in sanctions package against Russia
Image for Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war
Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war
View All Finance Posts