Dermot Nolan, Chairman of the Commission for Energy Regulation (CER) in Ireland, has been appointed new chief executive of UK regulator, OFGEM. He takes up his new job in March 2014.
Commenting on the appointment, OFGEM Chairman David Gray said: “Dermot Nolan joins us at a challenging time for the energy industry, and for our work in regulating the sector to protect the interests of consumers, present and future.
“Dermot’s economic background and wide experience of regulation and competition matters will equip him well for his role as our next chief executive.”
Nolan trained as an economist. He completed his Masters and Doctorate degrees at Yale University and then taught at the University of London. He was the Manager of the Mergers Division in the Irish Competition Authority, and has worked on competition matters in professional services.
He later became Senior Economic Advisor and then Director of the Retail Division at the Commission for Energy Regulation.