Nest appoints new board members amid restructuring

Nest has appointed four new members to its board and reappointed two more, it has confirmed.

Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen were appointed to the board by the Secretary of State for Work and Pensions Esther McVey, on 1 June 2018.

Graham Berville and Ian Armfield have both been reappointed on one and two-year terms, respectively.

Furthermore, Nest CEO Helen Dean has also been named on the board as the group moves to a “unitary board structure” following the Department for Work and Pensions’ review of Nest.

Of the new appointments, Elphick is currently an independent director of National Gird and was previously on the Environment Agency board, while Turner has worked for both Barclays and Lloyds Bank.

The pair are joined by Qubbaj, chief executive officer of financial well being platform Squirrel, as well as Border to Coast Pensions Partnership chair Hitchen.

Nest chair, Otto Thoresen, said: “The strength of any board relies on the range of experience and skills it can draw upon. That’s why Nest has looked outside the pension industry and appointed individuals from other sectors, who can bring fresh ideas and new perspectives.

“I’d also like to welcome Helen Dean to the board. Strong governance is an essential element in ensuring good outcomes for our members and the employers who use us.”

The appointments were confirmed today, 15 August, after their contracts were finalised with the DWP.

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