HM TREASURY News
Release (87/08) issued by The Government News Network on 6 August 2008
The Treasury today
announces three new non-executive appointments to the Treasury
Board. The appointments have been approved by the Chancellor of
the Exchequer following an open competition involving the
independent Office of the Civil Service Commissioners.
The new non-executive members of the Treasury Board will be:
* Dame Deirdre Hutton CBE
* Sir Callum McCarthy; and
* Michael O'Higgins
The appointments take effect from 1 October 2008 for a period of
three years. The Treasury Board shapes the vision, strategy and
priority of the Treasury Group to deliver Ministers'
objectives and communicates these to staff and other stakeholders.
Nick Macpherson, Treasury Permanent Secretary and Chair of the
Treasury Board said:
"I am delighted to welcome Deirdre, Callum and Michael to
the Board. They bring extensive experience to supporting and
challenging the Board's work and I look forward to working
with them".
Notes for Editors
1. Dame Deirdre Hutton CBE has been Chair of the Food Standards
Agency since July 2005 and was Deputy Chair of the Financial
Services Authority until December 2007. She has led a number of
bodies in the public sphere and has considerable experience of
governance and organisational change. Prior to her appointment at
the Food Standards Agency, she served on the Better Regulation
Task Force and is familiar with regulatory approaches both
generally and in the context of specific areas such as financial
services and food. Prior to the Food Standards Agency, Deirdre was
Chair of the National Consumer Council, having formerly chaired
the Scottish Consumer Council. She has been involved in many of
the key discussions concerning the future of the agricultural
industry including membership of the Policy Commission on the
Future of Farming and Food and has recently been appointed
Honorary vice-President of the Trading Standards Institute.
Deirdre is currently engaged in an independent review of postal
services at the request of The Department for Business, Enterprise
& Regulatory Reform.
2. Sir Callum McCarthy is Chairman of the Financial Services
Authority, stepping down in September. He joined the FSA in
September 2003 from the Office of Gas and Electricity Markets
where he was Chairman and Chief Executive. He had previously held
senior positions in Barclays Bank, BZW and Kleinwort Benson, as
well Department for Trade and Industry. He is an economist and
graduate of the School of Business at Stanford University, where
he was a Sloan Fellow.
3. Michael O'Higgins has been Chairman of the Audit
Commission since October 2006. For the previous ten years, Michael
was a Managing Partner with PA Consulting Group, leading its
Government and IT Consulting Groups, latterly as an International
Board Director. He was previously a partner at
PricewaterhouseCoopers, worked at the Organisation for Economic
Co-operation and Development in Paris and held academic posts at
the University of Bath, the London School of Economics, Harvard
University and the Australian National University. Michael is also
currently the Chair of Centrepoint, having been on the Board of
Trustees since 2002, became a Trustee of the National Centre for
Social Research early in 2007, and a member of the Cabinet
Secretary's Capability Review Moderation Panel in May 2007.
4. Dame Deirdre, Sir Callum and Michael succeed Sir Peter Gershon
CBE and Sir David Varney, who have stepped down after reaching the
end of their terms; and Stella Manzie CBE, who is now Director
General Finance and Corporate Services in the Scottish Executive.
5. Sir Callum's appointment as a Treasury Non Executive
Board Member will commence following his stepping down from the
Financial Services Authority in September.
Non-media enquiries should be addressed to the Treasury
Correspondence and Enquiry Unit on 020 7270 4558 or by e-mail to public.enquiries@hm-treasury.gov.uk
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