Myriam Madden appointed as Ofgem Non-Executive Director
- Also published by:
- Department for Business, Energy & Industrial Strategy
Myriam Madden confirmed as Non-Executive Director and Chair of the Audit Committee at the Office of Gas and Electricity Markets (Ofgem).
Myriam Madden started her roles as Non-Executive Director and Chair of the Audit Committee at the Office of Gas and Electricity Markets (Ofgem) on 1 January 2020.
Myriam has held senior executive finance and operational positions in global technology companies, financial services in the UK, US and Europe, as well as the public sector. An experienced Executive Director, Myriam specialised in business transformation, operational re-structuring and finance in both the private and public sectors.
Myriam is a chartered management accountant and a Board member of the International Ethics Standards Board for Accountants (IESBA). She is also a Board member of Home Group, chairman of their Scottish subsidiary, a board member of the Traverse Theatre and chairman of their Audit committee.
Myriam previously served as a non-executive member of the Audit and Risk Assurance Committee of the Department for Business, Energy and Industrial Strategy (BEIS). She was also a Board member of the American Institute of Certified Public Accountants and President of the Chartered Institute of Management Accountants, both global accounting bodies.
Ofgem is a non-ministerial government department and an independent National Regulatory Authority. Its principal objective when carrying out its functions is to protect the interests of existing and future electricity and gas consumers by promoting value for money, promoting security of supply and sustainability, and monitoring the development of markets and competition.
Myriam has taken up her role as a Non-Executive Director (NED) after being found appointable during the recent NED appointment process. The announcement of the NED with a digital transformation background will be made in due course.
Latest News from
National Grid Electricity System Operator to pay £1.5 million over electricity demand forecasts08/04/2021 11:15:00
In 2017, Ofgem introduced a financial incentive to drive National Grid Electricity System Operator (National Grid ESO) to produce more accurate forecasts.
Creating a more diverse and inclusive energy sector post-Covid31/03/2021 14:20:00
The two-day virtual conference, sponsored by Accenture, is free to attend and features a host of diverse speakers coming together to discuss how the sector can move from intention to action and create a truly diverse and inclusive energy sector.
Ofgem reforms could see credit balances of around £1.4 bn automatically returned18/03/2021 13:15:00
Ofgem is consulting on proposals to limit the amount of customer credit balances suppliers can hold, which could result in as much as £1.4 billion in total or £65 per household on average being returned.
Ofgem boosts investment for Britain’s electricity networks12/03/2021 13:15:00
Ofgem has confirmed ambitious plans to boost investment in local electricity grids needed to support the growth in electric cars, small scale renewables, storage and cleaner forms of heating.
Energy network company annual reports 2019-2011/03/2021 13:15:00
Ofgem has today published the performance and financial annual reports for the 2019-20 year for electricity distribution, gas distribution, electricity transmission and gas transmission network companies.
Ofgem awards licence for grid link to world’s largest wind farm05/03/2021 10:15:00
Ofgem has awarded a licence for the grid link to the world’s largest offshore wind farm after securing a record £1.2 billion investment.
18 energy suppliers pay £10.4 million for contract renewal failures03/03/2021 13:15:00
Energy regulator Ofgem found 18 suppliers did not adhere to price protection rules, which protect a customer’s tariff price when they decide to either switch suppliers or tariffs after a price increase.
Energy price cap to increase in April but consumers should switch to save money05/02/2021 10:15:00
Ofgem has announced today that from 1 April 2021 the price cap will return to pre-pandemic levels, principally as a result of changes in wholesale energy prices.