Fingleton calls it a day as OFT boss
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.”