Ofwat chief executive to resign at end of month

The regulator confirmed that the general manager of Ofwat will stop at the end of the month.

Off, which organizes the water industry in England and Wales, said David Black is now time to “watch new opportunities”, he said.

Last month, the government said that ofwat would be scrapped to create a new guard as part of an industrial revision to address failures.

Mr. Black, who was the general manager in April 2022, said that he wished every success while the team “while continuing important work.

Ofwat said that a temporary general manager would be elected “timely”.

Ofwat’s chair Iain Coucher said Mr. Black “Works without fatigue to provide a transformational change in the water industry”.

The decision comes in the midst of widespread criticism of water companies on leakage pipes and sewage spills, and the pollution incidents in the UK broke a new record.

A long -awaited report about the sector published last month Made 88 suggestions to reform in the water sectorTo pay for investment, to make smart meters compulsory, and to scrape Wat.

Following the report, Environmental Secretary Steve Reed confirmed that Ofat would be removed.

The government was criticized for limiting the scope of a former Deputy Governor of England Bank Sir Jon Cunliffe to exclude the reorganization of the water industry in England and Wales.

Reed said the government did not have the money to expropriate the industry.