Appointment of Chief Operating Officer and Chief Transformation Officer

 

The post of COO is new, following the recommendation of Ernst & Young’s Independent

Evaluation Review (IER) but it will incorporate existing functions concerning the

Commission’s finances.

 

Mr Johnson, previously Acting Director of Finance and Operations at the GFSC, took up his

post on 1 June. As COO he will be central to the effective and efficient operation of the

Commission and will report to the Director General.

 

He is a Fellow of the Institute of Chartered Accountants in England and Wales, an Associate

Member of the Institute of Chartered Secretaries and Administrators and a Member of the

Society of Trust and Estate Practitioners.

 

Among his duties will be the setting of non-regulatory operational goals, developing systems

and controls to improve efficiency and effectiveness, developing a communications

strategy, monitoring performance and coordinating resources to achieve the Commission’s

functions.

 

In addition to Mr Johnson’s appointment, the GFSC has recruited Tim Loveridge to the new

post of Chief Transformation Officer. He will take up his post later this year.

 

Mr Loveridge, currently Country Head of Innovation at Generali Worldwide Group and Head

of Business Development at Generali International, will oversee the implementation of the

IER recommendations and lead change management initiatives and project work.

 

Since the recommendations of the IER were announced in December last year, a team has

been appointed to implement its findings and implementation is underway.

 

GFSC Director General Nik van Leuven said: “We are moving ahead with the IER

recommendations as a top priority and the recruitment of a COO and CTO will expedite this

process.

 

“Having already occupied a senior post at the Commission and having played a central role

in planning the implementation of the recommendations, Neville Johnson is ideally placed

to take on the COO role. Tim Loveridge’s finance industry experience will be invaluable as he

leads on change management projects.”