Finance
CEO of UK's water regulator Ofwat to step down
Published by Global Banking & Finance Review®
Posted on August 5, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 5, 2025
1 min readLast updated: January 22, 2026
David Black, CEO of Ofwat, is resigning as the UK government plans to abolish the regulator and establish a new one amid public discontent over sewage issues.
LONDON (Reuters) -Britain's Ofwat said on Tuesday its chief executive, David Black, would step down following a government decision last month to abolish the water regulator.
In a statement, which came after Sky News first reported the story, Ofwat announced that Black has decided the "time is right to pursue new opportunities" and would step down at the end of August.
An interim replacement is set to be appointed in due course, the regulator added.
It comes after environment minister Steve Reed said last month he had agreed to abolish Ofwat as part of a regulatory overhaul. Britain will create a new powerful regulator for its water industry following public fury over sewage spills.
(Reporting by Catarina Demony; editing by James Davey and Giles Elgood)
David Black, the chief executive of Ofwat, has announced his decision to step down.
Black stated that the 'time is right to pursue new opportunities' following the government's decision to abolish the water regulator.
The UK government has decided to abolish Ofwat as part of a regulatory overhaul, creating a new powerful regulator for the water industry.
David Black will step down at the end of August.
An interim replacement for David Black is set to be appointed in due course, as the transition occurs.
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