EY announces appointment of Sir Peter Westmacott as an Independent Non-Executive
13 April 2017
EY has today announced the appointment of Sir Peter Westmacott as an Independent Non-Executive (INE). He replaces Sir Richard Lambert who steps down at the end of the month.
Sir Peter will sit on EY’s UK Independent Non-Executive Oversight Committee, which is chaired by INE David Thorburn and reports to the UK Board. The third member is Rosemary Martin, INE. Along with the other INEs Sir Peter will also attend the UK Board meetings, chaired by UK Chairman, Steve Varley.
Sir Peter was until recently one of the UK’s most senior and accomplished diplomats. Having served as British Ambassador to Turkey, France and the United States - his final post being the most sought after in the diplomatic service. After leaving his role in Washington in January 2016, Sir Peter was a Resident Fellow at the Institute of Politics within The Kennedy School of Government, Harvard University for four months.
Steve Varley, EY’s UK Chairman, said: “Sir Peter brings a global perspective with a detailed appreciation of geopolitical and economic developments which will help guide EY through the uncertainty the UK could face over the coming years. During his time in Washington DC, he actively promoted US-UK trade and investment and the TTIP free trade agreement across the fifty states. Sir Peter’s experience makes him ideal for this role and he will challenge us appropriately to ensure our overall governance is of the highest standard. Sir Peter will contribute to the way we run our business and help strengthen stakeholder dialogue and confidence.
”Sir Peter will sit on the Independent Non Executive Oversight Committee, a governance body that is responsible for overseeing compliance and public interest matters in relation to EY in the UK - specific responsibilities as required by our main UK regulator, the FRC under the Audit Firm Governance Code.
“I would like to thank Sir Richard Lambert very much for all his hard work, wise counsel and support over the last six years and wish him all the best in his future endeavours.”