Biographies
Martin Cave
Martin Cave is Professor and Director of the Centre for Management under Regulation, Warwick Business School. He holds bachelor’s, master’s and doctoral degrees from Oxford University. Until 2001 he was Professor of Economics at Brunel University. He specialises in regulatory economics. He is co-author of Understanding Regulation (1999) and of Essentials of Modern Spectrum Management (2007), co-editor of the Handbook of Telecommunications Economics Vol. 1 (2002) and Vol. 2 (2005), Digital Broadcasting (2006) and the Oxford Handbook on Regulation (forthcoming), and author of many articles in journals.
As well as his academic work he has also undertaken studies for the European Commission and advised regulatory agencies. He was a member of the UK Competition Commission from 1996 to 2002. He has advised the European Commission, and has assisted energy, postal, telecommunications, water and other regulatory agencies in the UK, Ireland, France, Germany, Greece, Portugal, Cyprus, Singapore, Australia, New Zealand and elsewhere. He is responsible for two independent reviews of spectrum management carried out for the Chancellor of the Exchequer. In 2006 he was special adviser to the European Commissioner for Information Society and Broadcasting. He has advised the Lord Chancellor’s department on regulatory reforms for legal services and in 2007 undertook an independent review of the regulation of social housing for the Secretary of State for Communities and Local Government, entitled Every Tenant Matters. He is currently undertaking a review of competition and innovation in the water industry for DEFRA and HM Treasury.
Chris Bolt
Chris Bolt was appointed as the statutory Arbiter for the London Underground Public-Private Partnership Agreements in December 2002, an appointment which runs until December 2010. He was also appointed as Chairman of the Office of Rail Regulation in July 2004, for a five year term.
An economist, his career has included senior roles in both the public and private sectors. He was part of the team which privatised the water industry in 1989 and then became Head of Economic Regulation at Ofwat. He moved to ORR in a similar role in 1994 and was Rail Regulator from December 1998 to July 1999. Between 1999 and 2002, he was Regulation and Corporate Affairs Director at Transco plc.
Sir Adrian Montague CBE
Adrian Montague is Chairman of British Energy Group plc, the UK’s principal nuclear generating company, Chairman of Friends Provident plc, a FTSE 100 Life Insurance company, and Chairman of Michael Page International plc, a recruitment company. He is also Chairman of Infrastructure Investors, a private equity fund investing in infrastructure projects, and CellMark AB, the world’s largest forest products marketing company, based in Gothenburg, Sweden and a Director of Skanska AB, the Swedish international engineering and construction group. From 2001-2004 he was Deputy Chairman of Network Rail Limited, the successor to Railtrack as the operator of Britain’s railway infrastructure, and from 2004-5 Chairman of Cross London Rail Links Ltd, the company responsible for developing London’s £10bn Crossrail project.
From 1999-2001 he held senior positions connected with the implementation of the Government’s policies to expand the use of private finance in the provision of public infrastructure, first as Chief Executive of the Treasury Taskforce, and then as Deputy Chairman of Partnerships UK plc.
Before that, he was Global Head of Project Finance at Dresdner Kleinwort Benson, having joined the bank in 1993, after 20 years as a lawyer with Linklaters & Paines.
He is also a Director of London First and a Trustee of Historic Royal Palaces.
Philip Cullum
Philip Cullum is Acting Chief Executive of the National Consumer Council. He is a member of the Government’s Risk and Regulation Advisory Council and is the first chair of the Food Standards Agency’s new Advisory Committee on Consumer Engagement. Personal policy interests include customer service, regulation and public services, and his publications include ‘The stupid company: how British businesses throw away money by alienating consumers’ and ‘Better regulation: the consumer contribution’.
Before joining the NCC, Philip was Executive Director at Opinion Leader Research, where his clients included Vodafone, the Home Office and the union Community. Prior to that he was an Associate Partner at Accenture, responsible for creating new thinking aimed at top CEOs and policymakers. Philip has also worked at Which?, where he was Head of Policy. He has been a Board Member of a leading housing association and Chair of a not-for-profit organisation providing mental health services, and he currently advises a leading autism education charity on its communications strategy. Philip is a keen walker and enjoys watching ballet and football.
Anne Graham
Anne Graham is a Senior Lecturer in Air Transport at the University of Westminster in London, UK. She has a First Class Honours BSc degree in Mathematics, an MSc in Tourism and a PhD in Air Transport Management.
Before joining the University, Anne worked in air transport consultancy. Anne has been involved in the teaching, research and consultancy of air transport and tourism for over 20 years and has developed two main research interests. First is in airport economics and regulation. Her latest publication in this area will be the third edition of her key book entitled ‘Managing Airports: An International Perspective’. One of her specialist areas involves measuring efficiency and benchmarking airport performance and she has undertaken many studies concerning this research topic. Her other main research interest is the analysis and forecasting of tourism and aviation demand and the relationship between the tourism and aviation industries.
She has also written many conference papers, book chapters and articles about these two research areas and is on the Editorial Board of the Journal of Airport Management.
David Gray
David Gray retired from both his position at Ofgem and GEMA in December 2007. He was appointed as a Member of the Gas and Electricity Markets Authority (GEMA) and as Managing Director, Networks Division at Ofgem in May 2003.
The Networks division is responsible for regulation of the monopoly electricity and gas transmission and distribution businesses. David led the Ofgem team in the first appeal to the Competition Commission, under the new appeals mechanism brought in by the government in 2005, of a decision on a code modification proposal.
David studied Natural Sciences, specialising in physics, at St John’s College, Cambridge. He has previously worked in a number of senior positions in the equity research and corporate finance divisions of HSBC (1982-2003). David also advised the Government on the privatisations of British Gas and the Electricity industry in England and Wales.
Dieter Helm
Dieter Helm is an economist, specialising in utilities, infrastructure, regulation and the environment, and concentrates on the energy, water and transport sectors in Britain and Europe.
He is Professor at the University of Oxford and a Fellow of New College, Oxford. He holds a number of advisory board appointments, including Chairman of the Academic Panel, Department of Environment, Food and Rural Affairs, and member of the Advisory Panel on Energy and Climate Security, Department of Business, Enterprise and Regulatory Reform. He was a member of the DTI Sustainable Energy Policy Advisory Board, 2002-2007 and of the Prime Minister's Council of Science and Technology, 2004-2007.
He is associate editor of the Oxford Review of Economic Policy. His career to date has spanned academia, public policy and business. He founded OXERA in 1982, was a member of the DTI's Energy Advisory Panel from 1993-2003, and has published extensively on economic topics.
Andrew Sentance
Dr Andrew Sentance is a part-time Professorial Fellow at the University of Warwick Centre for the Study of Globalisation and Regionalisation, and a member of the Commission for Integrated Transport - which provides advice to the Government on transport policy issues.
He is also an external member of the Monetary Policy Committee of the Bank of England, appointed by the Chancellor of the Exchequer in 2006. The Monetary Policy Committee is responsible for setting interest rates in the UK to meet the Government's inflation target.
Before joining the Bank of England, Andrew was Chief Economist and Head of Environmental Affairs at British Airways. He was one of the five senior managers appointed in 2001 to prepare the company's "Future Size and Shape" turnaround plan.
He joined British Airways in 1998 from London Business School, where he was Director of the Centre for Economic Forecasting. Previous positions held include Head of Economic Policy and Director of Economic Affairs at the Confederation of British Industry (CBI). He was a founder member of the Treasury's Panel of Independent Forecasters - established in 1992 to provide advice to the Chancellor of the Exchequer.
Andrew was educated at Eltham College, Cambridge University (Clare College) and the London School of Economics, where he gained his PhD. He holds visiting professorships at Cranfield University and Royal Holloway, University of London.
He is a Fellow and former Chairman of the Society of Business Economists. He is also a trustee of the Anglo-German Foundation and a member of the Financial Reporting Council Standing Advisory Group.

