OFT Head John Fingleton to Step Down

Posted by D. Daniel Sokol

OFT Chief Executive John Fingleton has announced that he will step down after seven years. I have had an opporunity to interact with John around the world. He is smart, engaging and has had a temendous influence internationally. I have the greatest respect for him. From the OFT press release:

The OFT today announced that its Chief Executive, John Fingleton, is to step down later in 2012, after seven years in the role.

He said: 'I am proud of the OFT's achievements over the past seven years. During that time we have tackled major issues of concern to the public, helping to ensure that consumers are treated fairly and that firms are competing vigorously and transparently for their custom. In very many UK sectors, consumers are increasingly served by competitive, efficient businesses that comply with consumer and competition law. 'As the Government moves closer to a decision on the future structure of the regime, this is a good time for someone new to take the helm at the OFT and steer the competition and consumer regime into the future. I have not yet decided on my next career move.'