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Ofwat chief Cathryn Ross to step down

Published 19/07/2017, 10:13
© Reuters.  Ofwat chief Cathryn Ross to step down
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(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.

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