The Pensions and Lifetime Savings Association (PLSA) has announced the appointment of three new non-executive directors to its board, effective next month (October).
Alison Hatcher, Patrick Heath-Lay and Catherine May will join the board as a number of the existing board members are coming to the end of their tenures and stepping down.
Hatcher is the global head of corporate sector with HSBC Global Asset Management (UK), Heath-Lay is chief executive officer at B&CE and May, an experienced non-executive director with expertise in corporate affairs and governance, will join as an independent.
PLSA chair, Richard Butcher commented: “I am very pleased to welcome three new members to the PLSA Board with such extensive and broad experience. I am certain Alison, Patrick and Catherine’s expertise will ensure we can build on the hard work of the Association to date and continue to represent the interests of our members.”
The appointments mark a large-scale shakeup at the PLSA, as seven board members are stepping down in October: Jamie Fiveash, Chris Hogg, Jamie Jenkins, Frank Johnson, Nicola Mark, Lesley Williams, and Carol Young.
Only three members will be coming in to replace them as the PLSA is reducing the number of board members to “make the board both more agile and more appropriate for the size of the PLSA”.
PLSA chief executive, Julian Mund added: “The changes to our Board are part of wider reforms we have been making to ensure we have the right governance for our Association and are able to fulfil our mission of helping everyone achieve a better income in retirement.”
The board will work closely with the newly created policy board, the members of which will be announced “shortly”.