The Financial Reporting Council’s new leadership team of Simon Dingemans and Sir Jon Thompson have taken up their respective roles as chair and chief executive.
As the FRC says itself they join at a pivotal stage as the transition to a new regulator – the Audit, reporting and Governance Authority (ARGA) – progresses, following Sir John Kingman’s independent review.
Dingemans was previously CFO of GlaxoSmithKline, and Sir Jon was previously chief executive of HMRC. They replace Sir Win Bischoff and Stephen Haddrill.
Sir Jon said: “I am pleased to be joining the FRC as it begins the transition to a new regulator with stronger powers to hold companies, their directors, advisers and shareholders to account. I am also committed to building on the governance and stewardship standards the FRC has helped to champion to ensure businesses reflect modern-day society, are diverse and inclusive, and are maximizing the future pipeline of talent.”