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Media centre /
Press releaseNS&I ANNOUNCES NEW CHAIRMAN29 April 2009The Economic Secretary to the Treasury, Ian Pearson MP, has appointed Martin Gray as the new Chairman of the Board of NS&I. Martin Gray will take up his new appointment from 1 September 2009. 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.” Ends 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. 1. The current NS&I Board members are:
Paul Spencer - Non-executive Director and Chairman of the board
2. 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.
Media team The numbers below are for media use only. Customers wishing to contact NS&I can find details here.
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