Water regulator Ofwat has announced the appointment of Rachel Fletcher as its new Chief Executive starting in 2018. Rachel is currently Senior Partner for Consumers and Competition at the gas and electricity markets regulator, Ofgem.
During her 12 years at Ofgem, Rachel led the Electricity Price Control Review and introduced the Low Carbon Network Fund. Before that, Rachel worked as a consultant advising public and private sector organisations around the world on energy strategy and policy.
Rachel’s appointment follows the departure of Cathryn Ross, who is leaving to take up an executive positon at BT. Announcing the new appointment, Ofwat Chairman, Jonson Cox, said: “Rachel’s impressive track record and experience in regulation of network and customer-focused businesses, alongside her clear leadership qualities, make her an ideal Chief Executive for Ofwat.”
Rachel will join the team on the Ofwat Board leading the upcoming price review on 8 January 2018.
Rachel Fletcher said: “Ofwat has set a high ambition for what the sector should deliver for customers, and meeting this challenge is what makes the role so exciting. With the upcoming price review, new business retail market and ongoing requirement for the sector to secure the trust and confidence of customers – there is lots to do.”