Business Secretary Vince Cable has announced the appointment of Clive Maxwell as Chief Executive of the Office of Fair Trading.
Mr Maxwell is currently an Executive Director and Board member of the OFT and will succeed the outgoing CEO, John Fingleton, who announced in February that he was stepping down after seven years in the role.
Mr Maxwell will take over from Mr Fingleton following a hand over period. A formal start date for his new role will be confirmed shortly.
Vince Cable said: “I am very pleased to welcome Clive Maxwell as Chief Executive. Clive is already a highly effective member of the OFT leadership team and has been instrumental in forging strong relations with Government and the Competition Commission on the development of the new competition regime.
Clive Maxwell said: ”I am proud to be taking on this role of leading the OFT and its staff, with its strong record of driving competition and protecting consumers. We will remain focused on making markets work well for consumers while also helping ensure a successful transition to the new competition, consumer and credit regimes.”