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PwC Public Interest Body members

The Public Interest Body (PIB) comprises of three independent non-executives and two representatives from the firm (one from the Management Board and one from the Supervisory Board).

Brief biographical details

For each independent non-executive

Dame Fiona Kendrick DBE, former Chairman and CEO of Nestlé UK&I, is Chair of the PwC Public Interest Body, Deputy Chair of the Institute for Apprenticeships Board and Chair of the new University of Hereford for Engineers. Fiona also sits on the Government's Food & Drink Sector Council. Having started her career initially in teaching, Fiona joined Nestlé UK in 1980 in a commercial role, and spent her working life with Nestlé in key strategic roles in the UK market as well as at global level. Fiona led Nestlé’s global coffee business for 5 years in Switzerland. Fiona has a personal passion for the youth employment and skills agenda, and has led a number of lighthouse projects in this area both for Industry and Government. Fiona was a UK Commissioner for Employment and Skills and played a lead role in supporting the development and delivery of strategies for skills and employment across the four UK nations. Fiona was President of the Food and Drink Federation, the association that represents the UK food and drink manufacturing industry (2015-2017). She previously led the F&D sector’s skills and competitiveness agenda and co-chaired the UK Food and Drink Export Forum. In the 2015 New Year’s Honors’ list Fiona was created Dame Commander of the British Empire for services to the food industry and support for skills and opportunities for young people. In recognition of services to the food and drink industry and young people's employment and skills, Fiona has been awarded honorary degrees by Sheffield Hallam University, York University and Warwick University. Fiona has been awarded the Chartered Management Institute Gold Medal for Leadership 2017.

Victoria Raffé is a former director and Executive Committee member of the Financial Conduct Authority, where she held a number of leadership roles during a 20 year career with the regulator and its predecessor the Financial Services Authority. Since leaving the FCA in 2015 Victoria has focused on non-executive roles in the fintech sector and is currently a non-executive director of Starling Bank.

Philip Rycroft CB During a 30 year career, Philip held senior leadership positions in departments such as the Cabinet Office, Office for the Deputy Prime Minister, Department for Business, Innovation and Skills and the Scottish Executive. Most recently Philip was Permanent Secretary for the Department for Exiting the EU before retiring from the Civil Service in 2019.

For each Firm member of the PIB

Kevin Ellis, Chairman and Senior Partner, joined the UK firm's Executive Board in 2008, first as Head of the Advisory business and from 2012, as Managing Partner.  He was elected Chairman and Senior Partner with effect from 1 July 2016. He joined the firm in 1984 on the graduate training program and qualified as a chartered accountant (ICAEW).  Kevin specialised in providing turnaround and crisis management support to businesses in the public and private sectors for over 25 years.

Chris Burns, Supervisory Board Chair from 18 January 2019, joined the firm in 1992 and became a partner in 2005. He is is part of the London Region Assurance practice with lead responsibility for a portfolio of listed clients and was formerly Chair of the Strategy and Governance Committee and a member of the Audit Committee until 31 December 2018.

Alison Statham has a standing invitation to attend PIB meetings.

The PIB currently has one committee: Audit Oversight Body.

Audit Oversight Body Members

The Audit Oversight Body (AOB) comprises of three audit non-executives and two representatives from the firm (the UK Head of Audit and one representative from the Supervisory Board).

Brief biographical details

For each audit non-executive

Philip Rycroft CB - Chair of the Audit Oversight Body
During a 30 year career, Philip held senior leadership positions in departments such as the Cabinet Office, Office for the Deputy Prime Minister, Department for Business, Innovation and Skills and the Scottish Executive. Most recently Philip was Permanent Secretary for the Department for Exiting the EU before retiring from the Civil Service in 2019.

Victoria Raffé
Victoria Raffé is a former director and Executive Committee member of the Financial Conduct Authority, where she held a number of leadership roles during a 20 year career with the regulator and its predecessor the Financial Services Authority. Since leaving the FCA in 2015 Victoria has focused on non-executive roles in the fintech sector and is currently a non-executive director of Starling Bank.

Caroline Gardner
Caroline Gardner was the Auditor General for Scotland between 2012 and 2020, responsible for auditing the Scottish Government and public bodies spending £40 billion a year, during a period of significant growth in Scotland’s financial powers. She is a member of the board of the International Federation of Accountants, the board of Public Sector Audit Appointments Ltd, the House of Lords Audit Committee, and she is a trustee of the International Futures Forum. She was a member of the International Ethics Standards Board for Accountants from 2010 to 2015. Caroline was awarded a CBE in 2020. She is a Fellow of the Royal Society of Edinburgh and a Fellow of the Chartered Institute of Public Finance and Accountancy (CIPFA), serving as CIPFA President during 2006-07.

For each Firm member of the AOB

Hemione Hudson, Head of Audit
Hemione is the UK Head of Audit and is a member of the UK Management Board. She has over 20 years of experience, having joined PwC in 1995 and became a partner in 2007. She is an auditor and specialises in the banking and capital markets sectors. She has worked with a range of Global, European and UK-based clients.

Kate Wolstenholme
Kate is an Audit partner based in London. Kate leads out Law Firms Advisory Group and has a particular focus on professional partnerships. She joined the firm in 1991 and became a partner in 2011. Kate joined the Supervisory Board on 1 January 2019, was appointed Chair of the Risk Committee on 5 February 2019, and is also a member of the firm’s Public Interest Body and represents the Supervisory Board on the Audit Oversight Body. Kate was a member of the Audit Committee until 31 December 2020.

The AOB currently has one committee: Audit Partner Remuneration and Admissions Committee.

The Audit Partner Remuneration and Admissions Committee (APRAC) is a committee of the AOB.  The APRAC, which is comprised of audit non-executives, oversees the audit partner remuneration process to ensure individual audit partner remuneration is determined above all by contribution to audit quality, and the process by which candidates are selected for admission as audit partners.

For the terms of reference of the AOB and APRAC, please go to Terms of Reference.

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