Chief Executive Officer of Fear Step down in the form of embossed water Regulator Preparations to end.
David Black will leave the role in end of August and be appointed an interim Chief Executive Officer.
The government announced last month that the regulator would be abolished in a regulator shake-up which comes as part of its reaction to public outrage on increasing bills, sewage. pollution And big bonuses for owners.
Ofwat cannot be formally given axes by at least 2027 as the process of overhauling the current system will be complicated.
The regulator said that Mr. Black, who took over as the boss of Owat in 2021, decided that time is right for him to carry forward new opportunities.
He said: “I have got the privilege of being able to move forward in the last four years, from this time, during this time we have received a big amount for customers as a team together and Environment,
“2024 value reviews supported an £ 104BN investment program, as well as invested 50 billion pounds in major new water resources, which would improve service, environmental results and flexibility in the coming years.
“I wish the team every success because they continue their important work.”
Owat Chair Ian Cucher said: “David has worked, tirelessly, to bring transformative changes in the water sector.
“They have demanded new regulatory powers and resources to catch companies, have taken major enforcement action and have provided funds and incentive packages running continuously for customers.
“From the board and everyone, I want to thank David for his leadership and his service in the last 13 years and wished every success in the future.”
Fear will be The “broken” terminated as part of an overhaul of the regulatory systemEnvironment secretary Steve reed Confirmed in July.
He announced in response to an independent review by Sir John Kanalif, which was published last month.
This review was commissioned by the government to respond to public fury on pollution in rivers, lakes and seas, bills, shareholders payments and owners bonuses.
Mr. Reid said that the move to create a single “powerful” regulator in the functions of four existing bodies with overlapping works will curb pollution and “stop the abuses of the past for customers”.
Overhala, he said, “It will ensure” British families have never seen a re -shocking bill hike which we saw last year “, and is committed to cut. Water companies’ feces Pollution in half within five years.