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Ofgem Lines Up New Chairman

9 Jul 2013

David Gray has been named as the preferred candidate for the new Chairman at Ofgem following a selection process led by Energy Secretary Edward Davey.

David has 30 years of experience working in financial markets, and has held senior roles at HSBC bank, advised the Department for Transport on airport economic regulation and also worked for Ofgem from 2003 to 2007 as Managing Director for Networks.

Energy secretary Ed Davey said: “David has an excellent track record in economic regulation, including a previous role on Ofgem’s senior team, and also has extensive and invaluable experience of the energy sector”.

On being named, David said: “The next few years will be crucial for energy regulation and I very much look forward to working with Ofgem’s excellent staff to help it promote quality and value for all consumers”.

Parliament’s Energy and Climate Change Select Committee will review the proposition before official appointment. The current Chairman of Ofgem, Lord John Mogg will step down at the end of September and welcomes the announcement saying: “I am delighted that such a strong candidate as David Gray has been selected as the preferred candidate to protect consumers’ interests as Ofgem’s Chairman”.

If approved by Parliament, David will officially start on the 1st October 2013 under a five year contract.

 

Ofgem lines up new Chairman