arah Carddell has been appointed interim CEO of the Competition and Markets Authority (CMA) from her current position as an advisor to the industry body.
She will take over the role temporarily when current CEO Andrea Cocelli leaves in July.
Cardell was appointed by Business Secretary Kwasi Kwarteng as the British government began the process of finding a long-term replacement for the outgoing boss.
The CMA is a non-ministerial agency responsible for enforcing competition and consumer law and conducting merger and market investigations.
“Sarah’s experience and expertise provide a strong foundation for CMAs at a time when their work to help people get the most out of their money is critically important to consumers around the world,” said Kwarteng. nationwide.
“I thank Andrea for his achievements at the CMA. These include securing hundreds of millions of pounds for consumers following canceled events and holidays during the pandemic, helping patients and the NHS by tackling unfair price increases on lifesaving medicines. born and established CMA as a global leader in digital market regulation. ”
Cardell was appointed general counsel at the CMA in September 2013. She heads the agency’s legal and policy services and international regulators providing legal and policy advice in various positions. capabilities of the CMA.
She is also responsible for the executive leadership of the establishment of CMA’s digital marketplace unit.
“The CMA’s work to promote competition has never been more important, ensuring that prices stay as low as possible and supporting growth and innovation in our economy,” said Cardell.
“Under Andrea’s leadership, the CMA has become the world’s leading competition authority, delivering real benefits to consumers and businesses across the UK. I am committed to continuing that progress, working with our dedicated and talented teams across the UK. ”