While limited details are currently available, a statement issued today says the Board and Finn are both committed to a ‘smooth transition’ to ensure operational continuity. A successor has not been named, but the search has apparently commenced.
Speaking of her decision to step down, Finn said: “I have been honoured to lead Ofwat over the last six years and I am incredibly proud of our achievements. We have laid the foundations for a new model of regulation in which water companies have to listen to their customers and deliver a step-change in their performance. These changes will lead to long lasting improvements in the sector.
With a new Chairman now established and the strengthening of the Ofwat Board, this is the right time for me to move on.”
Ofwat chairman Jonson Cox aded: “We recognise that Regina wishes to take her career forward in a different direction, and we look forward to working with her over the coming months in a smooth transition process.”
edie staff