David Gray, Ofgem chairman, to retire in September
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David Gray, chairman of Ofgem, is to retire when his five year term comes to an end in September 2018. David, 65, was appointed chairman of the UK Gas & Electricity Markets Authority (GEMA), Ofgem’s ruling body in October 2013. He had previously been an executive director of Ofgem from 2003 - 2007 in charge of the networks division.
David Gray said: “My term has coincided with a period of rapid change, not only in the retail energy market, but also in how we generate, transport and consume energy. It has been a privilege to chair Ofgem during such a challenging and exciting time. Amidst these changes, Ofgem will continue to protect all consumers as we work towards delivering a smarter, fairer and more competitive energy system for everyone. I will keep working towards this goal for the remainder of my term.”
The chair of Ofgem is appointed by the Secretary of State for Business Energy and Industrial Strategy (BEIS). BEIS will oversee the recruitment process for a new chair which will begin shortly to ensure a smooth transition following the departure.