The Insolvency Service has confirmed that chief executive Dr. Richard Judge is to leave the agency in November.
Dr. Judge will move to a new role as chief executive of the Health and Safety Executive.
The agency has confirmed deputy chief executive Graham Horne will take over as interim chief executive from 10 November.
Commenting on his departure, Dr. Judge said: “The UK’s insolvency regime is consistently ranked in the World Bank’s top 10, giving confidence to business and dealing fairly with the consequences of financial failure. I am proud of the great strides the Insolvency Service has made over the last two years to sustain this performance.
“Last year we processed redundancy payments faster, realised more returns for creditors and our company director investigations delivered in excess of £120 million benefit to the economy.
“Through the investment made in professional development, leadership and digital services we will continue to build a more robust agency and serve our customers better into the future.”
Business minister Jo Swinson said: “I would like to thank Richard for his excellent service. Under his leadership the agency is building a strong delivery platform and is well positioned for the future.
“At the same time we are transforming the insolvency regime making it more transparent and building greater trust in the business community which is so important for growth. I wish Richard well for the future.”
The Insolvency Service also announced its performance against its 2013/2014 customer measures, completing five of its six targets.
View the full Insolvency Service customer measure results here.