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Ofgem CEO to become Chairman at KPMG’s Power & Utilities Practice

4 Jul 2013

After spending ten years at Ofgem, Alistair Buchanan who resigned from his Chief Executive position last week, will take up the role of Chairman of KPMG’s power and utilities practice, having previously trained there as a chartered accountant and partner.

Simon Collins, UK Chairman of KPMG said Mr Buchanan is “a luminary in the energy world. We are seeing the biggest ever shift in energy market fundamentals. Core issues such as mega funding requirements, customer tariffs and the green agenda affect society as a whole. All of the key stakeholders, including government, regulators, investors, consumers and energy companies, need to work together to address these issues”.

David Gascoigne, UK Head of Power & Utilities at KPMG, said “Alistair will be joining a team of 200 specialist power & utilities advisers in the UK, which is part of a global network of over 1,000 experts, who work with the full range of energy market participants on a wide range of issues from M&A in the renewables sector to emission reporting systems. We are delighted that Alistair will be joining the team; his knowledge and experience will provide an important boost to our work in the sector.”

Alistair announced in December last year of his intention to leave Ofgem at the end of his second term in June 2013. He will officially start his new role on the 1st October 2013 and Head of Markets at Ofgem, Andrew Wright will take over as interim Chief Executive.