Board of directors

Derek Stevens (67)

Independent non-executive director

Appointed to the board in August 1995. Currently non-executive chairman of The Airline Group Limited (transport) and non-executive director of NATS Holdings Limited (transport). A member of the financial sector committee of the Accounting Standards Board, chairman of The Royal Academy of Arts Pension Scheme Board, a trustee of the Rothschild pension funds, a member of the Council of the Institute of Education at the University of London and chairman of The Travel Foundation (charity). A former director and chief financial officer of British Airways Plc (transport), a former finance director of TSB Group plc (banking) and a former chairman of the trustees of British Airways pension schemes.

Chairman of the audit committee and of Aviva Staff Pension Trustee Limited and member of the corporate social responsibility committee.