The Gas and Electricity Markets Board today announced that Chief
Executive Officer will be stepping down
from his role at the end of March to take up the
position of Permanent Secretary at the Department for Energy
Security and Net Zero.
During Jonathan's tenure, Ofgem navigated a period of significant
transformation.
Under Jonathan's leadership, the organisation
stabilised the energy market and protected consumers during the
gas crisis, reformed the financial resilience of the retail
sector, and saw consumer satisfaction rise from record lows to
record highs.
Jonathan drove progress towards the government's clean power
ambitions, with notable achievements which include innovative
regulatory reforms to infrastructure, the Accelerated
Strategic Transmission Investment initiative, a major grid
overhaul, and the creation of NESO.
Through both the Covid pandemic and the gas crisis, Ofgem, guided
by Jonathan, demonstrated remarkable resilience and
tenacity, building essential skills and capabilities during
unprecedented times.
Mark McAllister, GEMA and OFGEM Chair said:
“On behalf of the Board, I want to thank Jonathan for his immense
dedication and service. While we are sad to see him go, we are
proud that the CEO of Ofgem has been chosen for such a pivotal
role in government.
“We wish Jonathan the very best in this next chapter and look
forward to continuing to work together as we deliver a successful
energy transition for consumers.”
The Board will initiate a formal search process to
appoint a permanent successor. In the interim, Tim Jarvis,
currently the Director General for Markets, will serve as
Acting CEO, ensuring continuity and stability during the
transition period.
, outgoing CEO,
Ofgem said:
“It has been a privilege to lead Ofgem and work alongside such a
talented group of public servants. I am proud of all that we have
achieved together.
I am confident that Ofgem is in excellent hands
with Tim alongside the wider executive committee and
well-positioned to continue delivering on its mission to protect
energy consumers now and into the future, as we advance through
the energy transition.”
Ofgem remains well-placed to drive ongoing change and
deliver value for consumers. The Board is committed to a smooth
transition and to supporting leadership as the organisation
continues its critical work.
