David Black, the chief executive of Ofwat, will resign as the water regulator is set to be abolished following mounting public outrage over issues such as rising bills, sewage pollution, and executive bonuses. The government announced a regulatory shake-up, intending to abolish Ofwat by 2027. Black, who has led Ofwat since 2021, noted that he achieved significant advancements for customers and the environment during his leadership. Plans for the 2024 price review include a substantial investment of £104 billion to improve water resources and infrastructure.
David Black, the chief executive of Ofwat, will step down as the regulator faces abolition amid public outrage over rising bills and sewage pollution.
The government plans to abolish Ofwat by 2027 amidst a regulatory shake-up responding to public concern over water industry practices.
During the four years leading Ofwat, David Black emphasized significant accomplishments in improving customer service and environmental outcomes.
The 2024 price review supports a substantial investment program of £104 billion aimed at enhancing water resources and infrastructure.
Collection
[
|
...
]