Bermuda Regulatory Authority CEO Resigns

Robert Watson, Chief Executive of the Regulatory Authority of Bermuda, has resigned for what the RA said were “personal reasons.”

Mr Watson held the position for approximately eight months, having taken over the position in January of this year, replacing Philip Micallef.

The Chairman of the Regulatory Authority, Carl Musson, said. “Whilst the timing is regrettable, I have every confidence that our capable staff will be able to run the Authority until a new Chief Executive is on board.”

“We have a number of irons in the fire, and will update the public as quickly as we can as to our progress. In the meantime we will also use the opportunity to re-tool resources as we prepare to take over regulation of the electricity sector in Bermuda.”

Mr. Kyle Masters, the Authority’s Legal Adviser, has been appointed Interim Chief Executive.

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