Ofwat CEO to leave role

Water regulator, Ofwat has announced that Chief Executive Officer (CEO) David Black is stepping down at the end of the month. The news follows the Defra announcement that Ofwat is to be transferred into a new, integrated water regulator.

Black will be standing down at the end of August with an interim appointment will be made in due course.

Commenting on his decision, David Black said “I have been privileged to be able to lead Ofwat, over the last four years, during which time we have achieved a huge amount together as a team for customers and the environment. The 2024 price review backed an investment programme of £104Bn, along with a further £50 billion investment in major new water resources, which will improve service, environmental outcomes and resilience in the years to come. I wish the team every success as they continue their important work.

The Chair of Ofwat, Iain Coucher, said “David has worked, tirelessly, to bring about transformational change in the water sector.  He has sought new regulatory powers and resources to hold companies to account, taken major enforcement action and provided funding and incentive packages that drive continual improvements for customers.

On behalf of the Board and everyone at Ofwat, I would like to thank David for his leadership and his service over the last 13 years and to wish him every success in the future.”