(Reuters) - Britain's Water Services Regulation Authority (Ofwat) said its chief Cathryn Ross would be leaving the regulator to take up a position in the private sector unconnected with the water industry.
Ofwat said it had begun the process of finding a replacement for Ross, who took over as chief in 2013 and led the regulator through a review of sector prices which it undertook in 2014 and the opening of a new business retail market.
Ofwat is the independent economic regulator of the water sector in England and Wales, in which companies such as Severn Trent (LON:SVT), United Utilities and Pennon Group (LON:PNN) operate.