Board of Directors
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| Non-executive Chairman M Peacock |
Matthew Roy Peacock is the Chairman of Renold plc, a non-executive director of SMG plc and Cosalt plc. He is also the senior partner of Hanover Investors Management which is a significant shareholder of Fairpoint. Matthew was appointed to the board on 10 June 2008. |  |
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| Chief Executive Officer C Moat |
Chris Moat brings a wealth of experience from highly successful retail-focused, marketing led financial services businesses. Chris has held a number of senior general management positions and has experience across a wide range of leading financial services companies. Before joining Fairpoint, Chris held a variety of general management roles for Royal Bank of Scotland Group. These included Managing Director of Direct Line, Managing Director of Motoring and Directorships of Churchill Insurance and Green Flag. Prior to that, Chris was Managing Director of RBS’s Partnerships division, where he helped grow key partners such as Tesco Insurance and Virgin Money’s insurance offering. Chris’s previous roles also include Director of Lending at GUS Home Shopping and Head of Consumer Direct at GE Capital Bank. Chris Moat was appointed CEO on 6 May 2008. | |
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| Insolvency Director D J Oakley |
Qualified as Chartered Accountant at Arthur Andersen & Co and later joined PricewaterhouseCoopers, where he qualified as an Insolvency Practitioner. Joined Lathams in 1994 and became a partner in 1995. Following the acquisition of Lathams by Tenon Group plc in 2001, he became head of Tenon's North West insolvency practice. Appointed Insolvency Director in June 2005. | |||
| Finance Director & Company Secretary A J Heath |
Qualified as a Chartered Accountant with KPMG in 1991 and joined Clear Start UK Limited as Finance Director in April 2007. His previous roles include Vice President of Corporate Accounting at Capital One and senior positions at Vision Express, Nedbank and American Express South Africa. Appointed Company Secretary on 31 December 2007 and Finance Director in September 2008.. | |||
| Non-executive Director S Gilbert |
An Investment Principal at Hanover Investors and Mergers and Acquisition professional, he has Global experience in leading successful corporate venturing and development of new business propositions. He has a combination of transaction and operational experience in Consumer, Retail and Marketing businesses. Appointed to the Board in September 2007. | |
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| Senior Independent Non Executive Director J Allkins |
John Allkins joined the group in September 2008 as Non Executive Director. John was previously Group Finance Director for MyTravel Group plc and is also a Non Executive Director of Renold plc and Molins plc. He previously held a number of senior finance positions within BT, most recently as Director of Financial Controls for its Worldwide Networks Division. John is a fellow of the Chartered Institute of Management Accountants. | |
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Committees
The Board of directors has formally delegated specific responsibilities to board committees. The committees are as follows:
Audit Committee
The Audit Committee reviews the Company’s accounting policies and regular reports from senior management. In addition, it reviews the interim and full year financial statements and results announcements relating to the Company’s financial statements, together with any formal announcements relating to the Company’s financial performance.
The Audit Committee also has responsibility for making recommendations on the appointment, reappointment and removal of the external auditors, which the board then puts to the shareholders for approval in a general meeting. The Committee also reviews the annual and interim financial statements before they are submitted to the board and reviews the scope and effectiveness of the group’s internal control functions.
Details of the Terms of Reference for the Audit Committee can be accessed using the above link.
Remuneration Committee
The Remuneration Committee has responsibility for setting the Group’s general policy on remuneration and also specific packages for individual Directors.
Details of the Terms of Reference for the Remuneration Committee can be accessed using the above link.
Nominations Committee
The Nominations Committee will evaluate the balance of skills, knowledge and experience on the board and be responsible for board appointments.
Details of the Terms of Reference for the Nominations Committee can be accessed using the above link.
