Ofwat appoints new PR24 lead

Ofwat has appointed Chris Walters to lead PR24, taking over from Aileen Armstrong.

Walters will join from NHS England, where he is director of pricing and costing. Before joining the NHS in 2015, he held senior roles at the OFT and CMA, including as chief economist. He will take up post as senior director for the price review in June. Armstrong is leaving for role outside the water sector.

He has a PhD in econometrics from the London Business School and degrees in economics from the LSE and the University of London.