Mr MacRae, the former chief economist of Lloyds Banking Group Scotland, said he was “surprised” about the spending on the Harvard course because it was not reported to the board.
Martin said the government welcomed the resignation as an opportunity “to reset oversight of the Water Industry Commission Scotland in light of the unacceptable financial and governance issues that have arisen in the organisation.”
The SNP minister added: “Once a new chair is confirmed, we will be clear with them and the board that they need to continue to work hard to deliver the changes required to reset the organisation so it delivers to the high standards I expect of a public body.”
Mr MacRae was initially appointed in 2018 and had been expected to remain in post until at least April next year. His resignation will be effective from 21 October.
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