National Savings and Investments chairman´' term extended

23 August 2010

The Commercial Secretary to the Treasury, Lord Sassoon, has extended Martin Gray’s term as the Chairman of the board of NS&I by one year to 31 December 2011.

Martin Gray joined NS&I’s board as a Non-executive Director on 1 January 2005. He became Chairman in September 2009.

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: “Martin Gray is an outstanding Chairman, providing NS&I with experienced leadership and stability. I look forward to continuing to work closely with Martin as we deliver NS&I’s modernisation programme whilst maintaining our extremely high levels of customer satisfaction.”

Notes

1.

Martin Gray

Martin Gray joined NS&I as a Non-executive Director in January 2005 and was appointed Chairman of the board from September 2009. He is also Non-executive Chairman of The Evolution Group plc. 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 European board.

2.

The current NS&I board members are:

Martin Gray – Non-executive Director and Chairman of the board
David Hulf – Non-executive Director
Simon Ricketts – Non-executive Director
Sir John de Trafford Bt. – Non-executive Director
Sam Beckett – Director of Fiscal Policy, HM Treasury
Sarah Tebbutt – Debt and Reserves Management Team Leader, HM Treasury
Jane Platt – Chief Executive
Mike Chilton – Director, Finance and Risk
Peter Cornish – Director, Customer Offer
Julian Hynd – Director, Change and Strategy Support
Gillian McGrattan – Director, People and Environment
Steve Owen – Director, Channel Delivery and Management
John Prout – Director, Customer Sales and Retention

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