Financial Services Authority Appoints New Chairman

The appointment of Hugh Stevenson as the chairman of the FSA's committee of non executive directors (NEDCo) was announced today. "I am very pleased to announce Hugh Stevenson's appointment as chairman of the committee of non executive directors," says Lord

By None

The appointment of Hugh Stevenson as the chairman of the FSA’s committee of non-executive directors (NEDCo) was announced today.

“I am very pleased to announce Hugh Stevenson’s appointment as chairman of the committee of non-executive directors,” says Lord Myners, The Financial Services secretary. “He brings a wealth of experience to the role and as a non-executive director at the FSA since 2004 will provide valuable continuity to the position.”

“I am delighted that Hugh Stevenson will be appointed as chairman of the committee of non-executive directors. Hugh has been a valuable member of the Board and will bring an extensive understanding of the FSA and our work to this new role,” says Lord Turner, chairman of the FSA.

Hugh Stevenson will step down from the role when he retires from the Board in May 2010. The Treasury and the FSA also announced today that the Board of the FSA will be strengthened through the appointment of two new non-executive directors. The process to recruit them will commence shortly.

D.C.

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