Aug18Boardv11

The Board

Please find below all Executive and Non-Executive Board Directors and a key with Board Committee responsibilities.

Key to membership of principal Board Committees
(a) Audit and Risk
(b) Remuneration
(c) Nominations

Ian Brimecome (b) (c)Chairman

Ian Brimecome was appointed Chairman in September 2009. He joined the Board in January 2007 and is Chairman of the Nominations Committee. Ian is Chairman of Tokio Marine Kiln Group Ltd, Tokio Marine North America, Delphi Financial Group and HCC Holdings. He is also Executive Chairman International of Tokio Marine Holdings, Deputy Chairman of Tokio Marine Asia and a non-executive Director of Edelweiss Tokio Life. Ian has more than 30 years of experience of the financial services industry in a wide variety of roles and has advised on more than 100 merger and acquisition transactions in the insurance and asset management industries in more than 20 countries.

Simon SmallChief Executive

Simon Small joined the Society as Finance Director in 2012 and was appointed Chief Executive in July 2018, having been Deputy Chief Executive since 2017. Simon’s appointment provides continuity for the Society as he worked closely with previous Chief Executive, Chris Wiscarson, in developing the Society’s strategy and in negotiating the planned sale to Reliance Life.  A qualified accountant, he has in depth expertise in executing major change projects, restructuring company finances and delivering efficiency savings. He had previously worked at Lloyds Banking Group for over 20 years, latterly as the Finance Director to the team responsible for delivering the synergy benefits in the merger of Lloyds TSB and HBOS.

Penny Avis (a)

Penny Avis joined the Board in January 2015.  A Chartered Accountant, Penny is a former Deloitte corporate finance partner with wide-ranging merger and acquisition and accounting experience.  Penny was an elected non-executive Board member at Deloitte UK LLP responsible for oversight of executive management and acted as a mentor to partner-track directors. Prior to Deloitte, Penny worked for PwC and Arthur Andersen.  She is also a non-executive Director at Envestors Ltd, a private corporate finance business, Cifas, the UK's fraud prevention service, Howard Kennedy, a city law firm, and UK Athletics Limited.

Ian Gibson (a)

Ian Gibson joined the Board in August 2013. Ian retired from Legal & General in 2007 after more than 35 years with the organisation. He is a qualified actuary and has extensive experience of managing and advising on with-profits funds. After retiring from Legal & General, Ian worked as an actuarial consultant providing advice on, among other things, Solvency II and life fund transfers. He has also served on the Supervision Committee of the Life Board of the Institute and Faculty of Actuaries.

Keith Nicholson (a) (b) (c)Deputy Chair
Senior Independent Director

Keith Nicholson joined the Board in August 2009. He was appointed Deputy Chairman on 1 July 2012 and chairs the Audit and Risk Committee. Keith left KPMG in 2009 after more than 30 years with the firm. He has a wealth of experience with financial services companies covering audit and advisory roles. These included FTSE 100 companies in the UK and non-UK multinationals. Keith is Chairman of Liberty Specialty Markets. He is also the Senior Independent Director of Just Group plc.

Cathryn Riley (a) (b) (c)

Cathryn Riley joined the Board in August 2009. She chairs the Society's Remuneration Committee.  In a wide-ranging career covering customer services, IT, operations, human resources and general management, Cathryn has worked for British Coal, British Airways, Coopers & Lybrand, BUPA and latterly Aviva plc where she was Group Chief Operations Officer and a member of the company Executive Committee. She is a non-executive Director of AA plc, International Personal Finance plc, Chubb Underwriting Agencies Ltd and Chubb European Group Plc.

Lord Finkelstein (b)

Lord Finkelstein OBE, joined the Board on 17 March 2017. A journalist and Conservative peer, Lord Finkelstein has been a columnist on The Times since 2001 and is a former executive editor, Chief Leader Writer and comment editor. He is a former chairman of Policy Exchange Ltd, a political think tank, and has been a political adviser to the Conservative Party and to the Social Democratic Party. He was a non-executive Director at the Jewish Chronicle between 2011 and 2013. Lord Finkelstein holds an honorary Doctor of Science degree from City University.

Martin Sinkinson

Martin Sinkinson has been Chief Actuary and a member of the Society’s Executive Committee since 2011 and was appointed to the Board in July 2018.  Martin, a qualified Actuary, has been a key member of the management team who developed the Society’s strategy including the planned sale to Reliance Life and have delivered strategic projects enabling the release of capital to policyholders.  Martin has deep knowledge of financial reporting, capital management and actuarial control.