The Secretary of State for Business, Energy and Industrial Strategy, Greg Clark, has appointed Andrea Coscelli as the new Chief Executive Officer (CEO) of the Competition and Markets Authority (CMA).
Dr Coscelli has held the position of Acting CEO at the CMA,since July 2016, taking on the role from the previous incumbent, Alex Chisholm.
The UK’s independent competition authority is responsible for carrying out investigations into mergers, markets and the regulated industries and enforcing competition and consumer law.
Dr Coscelli has been an Executive Director at the CMA since 2013. Prior to joining the CMA, Dr Coscelli was the Director of Economic Analysis at Ofcom, the regulatory and competition authority of the telecommunications, postal and broadcasting industries.
Andrea Coscelli said:
“The CMA has a central role to play in helping ensure people get a good deal from businesses. The role of markets is under public scrutiny and we will be actively engaging in that debate. As a core part of our role we will aim to connect right across the UK’s nations and regions to fully understand the challenges different groups of consumers and businesses face, and how we can help them.”
“We must also help ensure the continuing waves of exciting innovation in products and services fully benefit consumers and growth in the economy. As part of this, we need to ensure we intervene in markets in a timely and effective way, and only when necessary.”
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