Ofwat chief executive Regina Finn has resigned from her post, it was announced today.
She will work her 6 month notice period and then hand over to her successor prior to the work beginning for the next price review.
The chair of Ofwat said “”We recognise that Regina wishes to take her career forward in a different direction, and we look forward to working with her over the coming months in a smooth transition process.”
Finn said: “I have been honoured to lead Ofwat over the last six years and I am incredibly proud of our achievements. We have laid the foundations for a new model of regulation in which water companies have to listen to their customers and deliver a step-change in their performance. These changes will lead to long lasting improvements in the sector. With a new chairman now established and the strengthening of the Ofwat board, this is the right time for me to move on.”