CMA Chair Tyrie Quit After Directors Ultimatum

The chairman of Britain’s competition watchdog was effectively forced to step down three years early after falling out with its chief executive, raising questions about the public reasons cited for his premature departure.

Sky News reported that Lord Tyrie, who said on 18 June 18 that he would relinquish his role at the Competition and Markets Authority (CMA) in September, had become involved in a stand-off with Andrea Coscelli, the regulator’s boss.

Sources said that Mr Coscelli told Business Secretary Alok Sharma that some CMA directors – thought to include himself – had “lost confidence” in Lord Tyrie’s leadership of the organization.

The chief executive is said to have indicated that he would resign if Lord Tyrie, a respected former chairman of the Commons Treasury Select Committee, did not stand down.

The Department for Business, Energy and Industrial Strategy is responsible for overseeing the CMA.

The reasons for the deterioration in Lord Tyrie’s relationship with some CMA directors were unclear on Sunday, June 28, although one person close to the organization said that at least one non-executive director supported the chairman continuing in his role.

Full Content: Sky News

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