Antitrust Law Daily Wrap Up, INDUSTRY NEWS: U.K. Office of Fair Trading Chief Executive Clive Maxwell to depart, (Jan 13, 2014)

The U.K. Office of Fair Trading (OFT) has announced that Chief Executive Clive Maxwell is leaving the agency to take a new role at the Department of Energy & Climate Change (DECC). Maxwell will leave the OFT on February 23 to join the DECC as Director-General, Consumers and Households, where he will lead efforts on energy efficiency and other energy reforms.

Maxwell will be succeeded as OFT Chief Executive by current Executive Director, Vivienne Dews, who will lead the agency through the transition into its successor organization, the Competition and Markets Authority and the transfer of credit regulation to the Financial Conduct Authority.

“Clive Maxwell has led the OFT with courage and clear direction in tackling issues that matter to consumers and economic growth, during a period of major transition for the organisation,” said OFT Chairman Philip Collins.

In another move, OFT Executive Director Cavendish Elithorn will be leaving the agency in February to join the Department for Transport.

Collins added, “In much of this work Clive has been ably supported by Cavendish Elithorn, who has led the Goods and Consumer group with distinction, achieving major wins for consumers such as the scrapping of hidden airline payment surcharges.”

News: IndustryNewsTrends