UK: Lord Currie to leave the CMA

The chairman of Britain’s competition watchdog said he will step down to allow his successor to tackle Brexit.

Lord David Currie has told the Government to begin scouting out a replacement at the Competition and Markets Authority (CMA) to ensure they have enough time to plan for Britain’s exit from the EU. The date of his departure has not been confirmed.

The announcement comes during a busy time for the CMA, which is facing the prospect of investigating 21st Century Fox’s bid for broadcaster Sky on top of ongoing probes, such as the £3.7 billion (US$4.9 billion) merger between Tesco and food wholesaler Booker.

The Department for Business, Energy and Industrial Strategy will appoint his successor. Sir David, who joined the CMA as its first chairman in September 2012, said, “I have asked the Secretary of State to start the process to look for my successor and he has agreed. I will step down once that person is in place.

Full Content: Law 360

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