Head of markets at Ofgem, Andrew Wright has been appointed interim chief executive, taking over from Alistair Buchanan who leaves on 27th June.
There will not be an official permanent replacement announced until a new chair for Ofgem has been selected. The Department of Energy and Climate Change is in the process of recruiting a chair to replace Lord Mogg, whose 5-year term comes to an end in September.
Andrew Wight has lead the market division since 2008, and has over 25 years experience in energy utility sector with analyst roles at UBS, Cazenove & Co and Merrill Lynch, and six years with Manweb.
Lord Mogg said: “Andrew is a highly experienced and professional leader and I am confident of his ability to guide Ofgem after Alistair’s departure. Andrew will be taking charge at an important point as Ofgem’s ground-breaking energy market reforms will start to take effect from this summer and we continue to provide important updates on Britain’s security of supply.”