Two directors quit Electra board
Dame Kate joined the Board in 2010 and was Chairman of the Remuneration and Nomination Committee and Senior Independent Director. She served as interim Chairman from November 2015 until Neil Johnson's appointment in May 2016.
She is a non-executive director of Taylor Wimpey PLC and the Yorkshire Building Society, a non-executive member of the Office for Budget Responsibility and a senior adviser to Credit Suisse. She is also Chairman of Trustees for the British Coal Staff Superannuation Scheme.
Dame Kate was, until May 2010, a member of the Monetary Policy Committee of the Bank of England, on which she served for three terms, and has held a range of other senior positions, including chief economic adviser to the Confederation of British Industry from 1994 to 2001.
Ms. Barnes joined the Board in March 2013 and until her resignation was the Chairman of the Valuations Committee. She retired from a 27 year career in finance in 2008, the last seven of which were spent as Global Head of Private Equity for UBS.
She worked for Chase Manhattan for 11 years in the UK and US then Swiss Bank/UBS working in restructuring, loan portfolio management and ultimately running the global private equity business. Ms. Barnes is now a non-executive director of Coutts and Co., and non-executive director of Capvis private equity. ■
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