Leadership

Executive Board

Ian Powell

Ian Powell Chairman and Senior Partner, joined the UK firm's Executive Board in 2006 and he was elected Chairman and Senior Partner in 2008. He joined the UK firm as a graduate trainee in 1977 and is a qualified chartered accountant (ICAEW). After becoming a partner in 1991, he worked in Manchester building a team which established a reputation for complex turnarounds. After the merger in 1998 he developed the Continental European BRS Advisory practice and in 2000 was responsible for the UK BRS business.
 

Gaenor Bagley Gaenor Bagley, Head of People, graduated from Cambridge University with a Mathematics and Management degree. She trained in audit and spent three years in an investment bank corporate finance team. In 1992 she joined the tax practice where she has continued to work in M&A specialising in Private Equity as a partner.

James Chalmers James Chalmers, Head of Assurance, graduated from Oxford University with an Engineering degree and he joined the firm in 1985. He became a partner in 1997. Before joining the Executive Board in 2008 as Head of Strategy and Talent, he was a member of the Assurance leadership team. During his time in Assurance he has worked with multinational clients and has been on long-term secondments to clients in the banking and healthcare sectors.

Richard Collier-Keywood Richard Collier-Keywood, Managing Partner, is responsible for the overall management and performance of the business as well as our community affairs programme. He read Law at Warwick University and was called to the Bar in 1983. He joined the firm in 1987 and became a partner in 1992. He was previously head of the firm's Tax practice.

Kevin Ellis Kevin Ellis, Head of Advisory, graduated in Industrial Economics from Nottingham University, joined the firm in 1984 and he became a partner in 1996. Before he joined the Executive Board in 2008 he headed up our Business Recovery Services.

Stephanie Hyde Stephanie Hyde, Head of Regions, graduated from Brunel University with a Mathematics and Management degree. She joined the firm in1995 and became a partner in 2006. Before joining the Executive Board in 2011 she led our Assurance practice in Reading. She has also led our mid-cap segment in the South East.

Owen Jonathan Owen Jonathan, General Counsel, is responsible for the Office of General Counsel and enterprise risk, including compliance and independence. He read Law at the University of Bristol. Before joining the firm as a partner in 2000, he was a partner at City law firm Norton Rose and later CEO of South China Morning Post (Holdings) Limited of Hong Kong.

Kevin Nicholson Kevin Nicholson, Head of Tax, graduated from Newcastle Polytechnic with a degree in English and History. He joined the firm in 1991 and became a partner in 2000. He has spent time in the North East, New York and Hong Kong. He joined the Executive Board in 2008 as Head of Regions. And before that he headed our Entrepreneurs and Private Clients division.

Richard Oldfield Richard Oldfield, Head of Markets and Industries, graduated from University of York with an Economics degree. He joined the firm in 1992 and became a partner in 2003. Before joining the Executive Board in 2011 he led our Banking & Capital Markets business within Assurance. He has worked in London, Zurich, Paris, New York and most recently Sydney on both audit and non-audit clients.

Richard Sexton Richard Sexton, Head of Reputation and Policy, graduated from Southampton University with a degree in Mathematics and Business Finance. He joined the firm in 1980 and he became a partner in 1991. He has spent time in New York and Hong Kong. Before joining the Executive Board in 2006 as Head of Assurance he led our London Assurance practice.

Keith Tilson Keith Tilson, Chief Financial Officer, is in charge of Finance and Operations. He read Economics at Cambridge University. After joining the firm in 1976, he spent four years in Sydney and became a partner in 1988. Before taking up his current role, he was Managing Partner Operations and Finance and before that Head of Advisory.


 

The majority of our Executive Board maintain significant client facing responsibilities.

The Supervisory Board

The Supervisory Board is independent of the Executive Board and fifteen of its members are elected by the firm’s partners for three-year terms of office. In addition, the Chairman of the Executive Board and the two UK members of the Board of PwC International are ex officio members of the Supervisory Board.

The Supervisory Board generally meets monthly but may occasionally hold additional meetings as necessary. During the year a new Supervisory Board was elected and it took office on 1 January 2010.

The Supervisory Board provides the Chairman with guidance on matters of actual or potential concern to the partners. It is also responsible for approving the Annual Report, for recommending the admission of new partners, for overseeing the Chairman’s election process and for checking that our policies on partners’ remuneration are being properly applied. It also has the power to initiate a ballot for the removal of the Chairman from office.

The Senior Management Remuneration Committee is a committee of the Supervisory Board. It makes recommendations to the Supervisory Board, which sets the Chairman’s profit share, and it approves the Chairman’s recommendations for the profit shares of the other Executive Board members.

The Audit and Risk Committee (previously known as the Audit Committee) is a committee of the Supervisory Board that has the responsibility for reviewing the policies and processes for identifying, assessing and managing risks within the firm. It oversees the management of those risks, including financial control, compliance and independence. It also reviews the firm’s financial statements and considers the scope, results and effectiveness of internal and external audit, including reviewing the external auditors’ independence and any nonaudit services and fees. The Chief Financial Officer and General Counsel, together with the internal and external auditors, attend the committee’s meetings by invitation. It met seven times in the year ended 30 June 2010 (2009: six times).

The members of the Supervisory Board for the period from 1 July 2009 to 31 December 2009 were:

The members of the Supervisory Board from 1 January 2010 are:
Elected members: Elected members:
Gerry Lagerberg, Chairman1 Duncan Skailes, Chairman1
Pam Jackson, Deputy Chair John Dowty5, Deputy Chair
Mohammed Amin3 Colin Brereton1
Clare Bolton1 Pauline Campbell5
Colin Brereton Paul Clarke1
John Dowty3 Katherine Finn
Roy Hodson1 4 Roy Hodson6
Gordon Ireland2 Rob Hunt5
Mike Karp Pam Jackson2
Pat Newberry3 Mike Karp5
Ian Rankin1 3 Roger Marsh
Duncan Skailes Pat Newberry
Julia Smithies1 Ian Rankin1 5
Graham Williams3 Matthew Thorogood
  Graham Williams
Ex officio member: Ex officio members:
Ian Powell Gerry Lagerberg1 7
  Murray Legg7
  Ian Powell

1:
Senior Management Remuneration Committee member
2:
Senior Management Remuneration Committee Chairman
3:
Audit Committee member
4:
Audit Committee Chairman
5:
Audit and Risk Committee member
6:
Audit and Risk Committee Chairman
7:
Member of the Board of PricewaterhouseCoopers International Limited