Accountancy chief takes the wheel at RAC
Wednesday 18 December 2002
The motoring services company RAC yesterday announced the appointment of Peter Smith, the former chairman of the accountancy firm Coopers & Lybrand, as its new non-executive chairman after a recent boardroom row left it without a candidate.
Mr Smith will replace Sir Trevor Chinn who has been on the RAC board for 43 years and who has been chairman of the organisation since 1973. He joins the board as deputy chairman on 1 January and takes over from Sir Trevor on 1 May after his retirement at the company's annual meeting in April.
The move follows the sudden resignation of Alan Bowkett, who had been lined up as Sir Trevor's successor, last month. His departure, after just two and a half months with the company, followed a boardroom dispute, blamed on "substantial differences in management approach".
Mr Smith is currently a non-executive director of the merchant bank NM Rothschild, the troubled mutual Equitable Life and the food retailer Safeway.
"We have known Peter for quite some time," Sir Trevor said yesterday. "The blend of Peter's experience in successfully leading a large, professional services company, his excellent corporate governance credentials and his management style, make him an excellent successor."
RAC also said the non-executive director Michael Ost would be leaving the board at the end of the year to head the company's pension scheme.
- 1 Tourist films plane's descent just metres above packed Caribbean beach
- 2 Kate Moss: Previously unpublished nude photo revealed by Mert and Marcus
- 3 Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
- 4 World Book Day: Boy 'excluded' from school after dressing up as Fifty Shades' Christian Grey
- 5 Bad Jews poster 'censored' on London Tube
Tourist films plane's descent just metres above packed Caribbean beach
Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
Becky Watts: Four appear in court charged with hiding body parts after teenager's death
Isis 'bulldozes' Nimrud: UNESCO condemns destruction of ancient Assyrian site as a 'war crime'
Professor Brian Cox brands astrology-believing Tory MP David Tredinnick an 'outlier on the spectrum of reason'
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Durham Free School: 'Creationism taught at' free school facing closure
End of the licence fee: BBC to back radical overhaul of how it is funded
Elif Shafak: Turkish author warns against rise of British nationalism
Ex-head of MI6: 'We shouldn't kid ourselves that Russia is on a path to democracy'
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
iJobs Money & Business
£13000 per annum: Recruitment Genius: This is an exciting opportunity to join ...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£12 - £15 Hourly Rate: Jemma Gent: In this role you will report to the Head of...
£8 per hour: Recruitment Genius: This Pension Specialist was established early...