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corporate governance
corporate governance

The Board

The Board determines structure and objectives, reviews strategy and business plans and manages the appointment of Directors.

Current members of the Board are listed in the table below.

Name
Chairman: The Rt Hon John Gummer MP
Chief Executive: Steve Gough
Finance Director: Philip Gale
Non Executive Director: Mike Coe
Non Executive Director: Andrew Green
Non Executive Director: Paul Smith
Non Executive Director: Gerald Orbell
Non Executive Director: George Chadfield
Non Executive Director: Martin Webb
Non Executive Director: Anthony Keith Stephens
Non Executive Director: Jacqueline O'Neill
Company Secretary: Philip Gale

There are currently three standing committees of the Board:

The Audit Committee

The primary responsibilities of the Audit Committee are to monitor the integrity of the financial statements, to review the effectiveness of the internal control and risk management systems, to consider the appointment of the external auditors and their independence.

Current members of the Audit Committee are Gerald Orbell (Chairman), Mike Coe, Martin Webb and George Chadfield.

The Remuneration Committee

The Remuneration Committee is responsible for determining appropriate levels of remuneration for the Chief Executive Officer and other senior executives within the group. The Committee also determines the level of remuneration for Non Exec Directors and the Chairman, using external advice where applicable.

Current members of the Remuneration Committee are Martin Webb (Chairman), Andrew Green, George Chadfield and Steve Gough (CEO).

The Nomination Committee

The primary purpose of the Nomination Committee is to regularly review the structure, size and composition (including the skills, knowledge and experience) required of the board compared to its current position and make recommendations to the board with regard to any changes.

Current members of the Nomination Committee are Gerald Orbell (Chairman), Martin Webb and George Chadfield.

The Executive Management Team

The executive management team runs the day to day management of Valpak's business activities.

Current members of the executive management team are Steve Gough (CEO), Philip Gale (Company Secretary and Finance Director), Adrian Hawkes (Director of Policy), Alan Price (Director of Procurement), Andrew McCaffrey (Director of Consulting), Duncan Simpson (Director of Sales & Marketing), Ruth Reid (Director of Compliance & Customer Service) and Lisa Regan (Director of HR).