NS&I announces new Chairman
Martin Gray joined NS&I’s Board as a Non-Executive Director on 1 January 2005. He replaces Paul Spencer as Chairman who has served as a Non-Executive Director on NS&I’s Board since 1 September 2003 and as Chairman since 1 January 2005.
NS&I’s Non-Executive Directors serve on the board for a maximum of two three-year terms – this includes any time spent as Chairman. Paul Spencer is leaving at the end of his second three-year term on NS&I’s Board. Martin Gray will serve as Chairman until December 2010 at the end of his second three-year term.
Non-Executive members of NS&I’s Board ensure a sound strategy is in place to meet the organisation’s remit. They also act as an external source of advice, maintaining risk control and ensuring NS&I’s links with its strategic partner remain open and transparent.
Jane Platt, Chief Executive, NS&I, said:
“Paul Spencer has been an excellent Chairman, guiding and supporting NS&I through an unprecedented period. I look forward to an equally productive and successful relationship with Martin Gray, as we deliver NS&I’s modernisation programme whilst maintaining high levels of customer satisfaction.”
Notes to Editors
Martin Gray - Biography
Martin Gray joined the NS&I Board as a Non-Executive Director on 1 January 2005. He will become Chairman on 1 September 2009. He is also Chairman of Evolution Group. He was Chief Executive of NatWest UK between 1992 and 1999, and has held a number of Board-level appointments within the financial services industry including NatWest Bank Group, MasterCard Inc global Board and Visa Europe.
Paul Spencer – Biography
Paul Spencer joined the NS&I Board as a Non-Executive Director on 1 September 2003 and became Chairman on 1 January 2005. He is currently Non-Executive Director at WPP Group plc, TR Property Investment Trust plc, and Nipponkoa Insurance (Europe) Ltd; and Non-Executive Chairman of the State Street Managed Pension Funds and Sovereign Reversions plc. He is the Chairman of the Rolls-Royce PLC Group Pension Fund and Independent Trustee of the BAT Group Pension Fund.
- The current NS&I Board members are:
Paul Spencer - Non-executive Director and Chairman of the board
Jane Platt - Chief Executive
Mike Chilton - Director, Finance and Risk
Peter Cornish - Director, Customer Offer
Julian Hynd - Director, Change and Strategy Support
Gillian McGrattan – People and Environment Director
Steve Owen - Director, Channel Delivery and Management
John Prout - Director, Customer Sales and Retention
Sam Beckett - Director, Fiscal Policy, HM Treasury
Sarah Tebbutt - Debt and Reserves Management Team, HM Treasury
Martin Gray - Non-executive Director
Michael Medlicott - Non-executive Director
Simon Ricketts - Non-executive Director - Photographs of Martin Gray, Paul Spencer and Jane Platt are available on request.
About NS&I
NS&I is one of the UK’s largest financial providers with 27 million customers and over £94 billion invested. It is best known for Premium Bonds, but also offers Inflation-Beating Savings, Guaranteed Equity Bonds and Children’s Bonus Bonds in its range. All products offer 100% security, because NS&I is backed by HM Treasury. NS&I products are available over the telephone, internet, post and by standing order.
They are also available through a network of Post Office branches. Customers can also pick up brochures for our Premium Bonds, Inflation-Beating Savings and Income Bonds at retailer WHSmith in 400 of its High Street stores and 155 of its travel stores.