CMA chair forced out following row with directors
The chair of the UK’s competition watchdog was forced to step down three years before his term after a row with its chief executive.
Lord Andrew Tyrie, who announced on June 18 that he would be stepping down from the Competition and Markets Authority (CMA) in September, three years earlier than planned, was apparently pushed out following a fallout with the regulator’s boss Andrea Coscelli, according to Sky News.
Coscelli is reported to have told business secretary Alok Sharma that the CMA board had “lost confidence” in Tyrie’s leadership and he threatened to resign as chief executive if the chair wouldn’t go.
Conservative peer Tyrie took then role at the CMA in 2018 for what was expected to be a five-year term.
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