NEW MEMBERS FOR THE GAS AND ELECTRICITY MARKETS AUTHORITY
9 Jun 2004 10:45 AM
The Energy Minister, Stephen Timms today announced the appointment of
five new members and the reappointment of one member to the Gas and
Electricity Markets Authority.
The new Non-Executive members are John Wybrew, Miriam Greenwood,
Jayne Scott and Judith Hanratty. Steve Smith, Ofgem's Managing
Director - Markets, will join the Gas and Electricity Markets
Authority as an Executive Member. All the appointments will commence
immediately, except for Judith Hanratty who will join the Authority
on 1 January 2005. Sir Keith Stuart has been reappointed as a
Non-Executive.
Commenting on the appointments, Stephen Timms said:
"I am pleased that so many excellent candidates have been able to
accept a position on the Gas and Electricity Markets Authority. They
bring with them a wide range of experience which will add significant
value to Ofgem's work as it tackles the future challenges our energy
markets face."
Notes for Editors
1. Under the Utilities Act 2000, the Secretary of State appoints
members to the Gas and Electricity Markets Authority. Before making
these appointments she must consult the Chairman of the Authority.
2. The Office of Gas and Electricity Markets (Ofgem) operates under
the direction and governance of the Gas and Electricity Markets
Authority (GEMA), which determines the strategy and decides on major
policy issues. GEMA's principal objective is to protect the
interests of consumers, wherever appropriate by promoting effective
competition.
3. Non-Executive members of the board are paid 20000 per annum.
Executive Members do not receive additional remuneration by virtue of
their membership of the Authority. The new Members have accepted a
three-year term. Sir Keith Stuart has agreed to serve a further two
years once his current term ends on 4 December 2004.
4. Two Non-Executives (Margaret Ford and Richard Farrant) stood down
at the end of 2003. The second terms of two more (James Strachan and
John Belcher) will finish by the end of January 2005. This
announcement means that GEMA now consists of one Non-Executive
Chairman, eight Non-Executives and five Executive members. By 1
January 2005, we expect GEMA to consist of one Non-Executive
Chairman, seven Non-Executives and five Executive members.
Short Biographical Details of new, and reappointed, GEMA members
JAYNE SCOTT
Jayne Scott is a Partner in the Scott Ross Partnership and Vice Chair
of Entrust. She has previous experience in the Health Service where
she was Director of Finance and Performance Management at the Fife
Health Board.
Other Government appointments: none
Political activities in the last five years: none
JOHN WYBREW
John Wybrew is Chairman of the Energy and Utility Sector Skills
Council. He is Chairman of Lamara Group, Commercial Telematics Group,
the Foundation for Management Education, and the International
Longevity Centre, UK. He is also a Governor of Henley Management
College and an Officer of the Parliamentary Group for Energy Studies.
He is Chairman designate of the British Energy Association. He has
been an Executive Director of Shell UK, British Gas, BG, the Lattice
Group and National Grid Transco.
Other Government appointments: none
Political activities in the last five years: none
MIRIAM GREENWOOD
Miriam Greenwood is a Director of Quayle Munro Holdings plc. She is
a former Managing Director of Morgan Grenfell Scotland. She was
previously Chief Operating Officer of the British Linen Advisers and
Director of Deutsche Bank AG London. She has held a number of
public sector board appointments including the Court of Governors of
Napier University. She is a Non-Executive Gartmore Global Trust plc.
Other Government appointments: none
Political activities in the last five years: none
JUDITH HANRATTY
Judith Hanratty was previously Company Secretary of BP plc and
currently holds non executive directorships with Lloyd's of London
(where she has been a member of the Council nominated by the Bank of
England since 1998, and is currently also Chairman of the Lloyd's
Market Supervision and Review Committee and a member of the Lloyd's
Franchise Board), Charles Taylor Consulting plc, Partnerships UK plc,
and British Standards Group. She is also Chairman of the Commonwealth
Institute and deputy Chairman of the College of Law. She is a former
non-executive Director of London Electricity plc.
Other Government appointments: none
Political activities in the last five years: none
SIR KEITH STUART
Sir Keith Stuart will have been a Non-Executive member of the Gas and
Electricity Markets Authority for four years when his re-appointment
takes effect in December. He chairs the Authority's Audit Committee.
He is also a Non-Executive Director of RMC plc and the City of London
Investment Trust plc. He has first-hand experience of the transport
and energy industries including previous appointments as a
Non-Executive director and subsequently Chairman of Seeboard.
Other Government appointments: none
Political activities in the last five years: none
STEVE SMITH
Steve Smith rejoined Ofgem in September 2003 from AEP Energy Services
Ltd to become Director of Strategy, having previously been Director
of Trading Arrangements. In an internal reorganisation earlier this
year he became Managing Director of Markets.
Other Government appointments: none
Political activities in the last five years: none
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