EY appoints Sir Peter Westmacott to its UK Oversight Committee

26 April 2017 Consultancy.uk 1 min. read
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EY has appointed Sir Peter Westmacott to its UK Independent Non-Executive Oversight Committee. He brings more than 40 years of high level experience to the role, and is tasked with overseeing the firm's activity in light of its compliance and public interest obligations. 

Sir Peter Westmacott was most recently the British Ambassador to the US, a coveted role which he held from 2012 until last year. He was previously Ambassador to France, from 2007 until 2012, and Ambassador to Turkey, from 2002 until 2006. His earlier diplomatic career, which spans back four decades, included four years in Iran, an interim deployment to the European Commission in Brussels and serving as the Foreign and Commonwealth Office’s Director for the Americas. Between 1990 and 1993 Westmacott was Deputy Private Secretary to His Royal Highness The Prince of Wales.

Sir Peter Westmacott - EY

EY has appointed Westmacott to sit on the firm’s UK Independent Non-Executive Oversight Committee. The Committee, which is chaired by INE David Thorburn, reports to the UK Board. Westmacott will be responsible for overseeing EY’s activity in the UK in relation to compliance and public interest matters – which are required by FRC under the Audit Firm Governance Code.

Remarking on the appointment, Steve Varley, EY’s UK Chairman, says, “Sir Peter brings a global perspective with a detailed appreciation of geopolitical and economic developments which will help guide EY through the uncertainty the UK could face over the coming years. Sir Peter will contribute to the way we run our business and help strengthen stakeholder dialogue and confidence."

Westmacott succeeds Sir Richard Lambert who will step down at the end of April. Varley: "I would like to thank Sir Richard Lambert very much for all his hard work, wise counsel and support over the last six years and wish him all the best in his future endeavours.”