More NewsUK Payments Council Appoints Richard North as Chairman

UK Payments Council Appoints Richard North as Chairman

The UK Payments Council has appointed Richard North as its new independent chairman. North, a former chairman of Woolworths and Britvic and chief executive officer (CEO) of InterContinental Hotels Group, takes over from interim chair, Professor Martin Cave.

In keeping with requirements set by the Office of Fair Trading’s Payment Systems Task Force, the chairman of the Payments Council is an independent, non-industry post. The selection of North was made by four directors of the Payments Council board, two of whom are independent directors. North succeeds Brian Pomeroy, who stepped down at the end of October 2009 to take up a non-executive director role on the board of the Financial Services Authority (FSA).

North said: “I am extremely pleased to be taking on this significant responsibility as the work of the Payments Council moves into a new phase. There is much to be done following the Council’s decision to set a target date for the closure of the cheque clearing. I intend that the Payments Council should provide clear leadership, especially in ensuring that the interests of all types of cheque user are taken into account; and in the short-term, ensuring that we set appropriate criteria for our decision in 2016 whether closure can proceed in 2018.”

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

3m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

4m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

4m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

4m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

4m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

4m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

5m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

5m Mateo Graziosi