The regulators have confirmed at the end of the month of the Offwat at the end of the month.
Ovat, who controlled the water sector in England and Wales, said that David Black had decided that it was now time to “pursue new opportunities”.
Last month, the government said that to address failures, Tott would be scattered to create a new watchdog as part of an industry overhaul.
Mr. Black, who became chief executive in April 2022, said that he wished the team “his important work as every success”.
Owat said that an interim chief executive would be selected “in the appointed time”.
Ovat’s chair Ian Cucher said that Mr. Black “worked tirelessly to bring transformative changes in the water sector”.
The decision is hitting a new record amidst widespread criticism by water companies over pipes and sewage spreading pollution incidents in England.
A long -awaited report on the industry published last month 88 recommendations made for improvement in water sectorTo pay for investment rapidly, including increasing the bill, making smart meters mandatory and scraping the watt.
After his release, Environment Secretary Steve Reid confirmed that Wavet would be abolished.
In a report by Sir John Kanalif, a former Governor of Bank of England, OFwatt was convicted, but the government and water firms were also convicted for the state’s state.
During the report, there are constant references to the media regulator, Tomcom – which has been seen doing a better work by focusing on continuous investment in better infrastructure over time.
The commission behind the report heard that Tott has faced very little accountability for its decisions, but has also blamed the government for providing no detailed guidance to provide any detailed guidance to the government “balance its objectives and help managing the business.
The report criticized water firms to mark their own homework on sewage spills – and questioned their payment to shareholders.
Since privatization in 1989, water companies have paid at least £ 54BN to shareholders, including the Foreign Investment Fund.
“There are valid questions about whether companies have released dividends at the cost of their own financial flexibility,” the report said.
The government was criticized to limit the scope of the report to rebuild the water industry in England and Wales.
Reid said at that time that the government did not have money for nationalization of the industry.
