Fingleton calls it a day as OFT boss

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John Fingleton is stepping down as chief executive of the Office of Fair Trading.

The competition watchdog today announced on its website that Fingleton would call it a day later this year, having held the top job since 2005.

Fingleton presided over the OFT’s marathon investigation into price fixing the dairy sector, which culminated with fines totalling £50m being handed out to retailers and suppliers in the sector.

“I am proud of the OFT’s achievements over the past seven years,” Fingleton said. “During that time we have tackled major issues of concern to the public, helping to ensure consumers are treated fairly and 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.”

He added: “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.”

Readers' comments (1)

  • Anonymous

    Fingleton has his eye on becoming the Competition top dog when the Government merges the Competition Commission with the OFT. He has been lobbying the Government and opposition for years to take a tier out here in the UK and structure things more like most other European Countries.
    During his tenure his personal policy has been to go after big business for the big fines he can impose. He has completely been underwhelmed with faulty, monopolistic industry structures as there is no money - but more cost - to sorting them out. Not impressed.

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