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Press Releases
91Èȱ¬ appoints first non-executive director
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Marcus Agius, currently Chairman in London of the investment bank Lazard, and Chairman-designate of Barclays PLC, is the first non-executive director appointment to the 91Èȱ¬'s new Executive Board, effective from 1 December 2006.
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His appointment as Senior Independent Director was approved by the new 91Èȱ¬ Trust this week.
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The appointment follows the changes to 91Èȱ¬ governance set out in the 91Èȱ¬'s new Charter and Agreement.
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The 91Èȱ¬ Trust will replace the 91Èȱ¬ Board of Governors on 1 January 2007, and appointments to the 91Èȱ¬ Trust were announced in October by the Department for Culture, Media and Sport.
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A new Executive Board is to be established at the same time which will be responsible for the operational management of the 91Èȱ¬.
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The Executive Board will for the first time include non-executive directors, and will oversee the effective delivery of the 91Èȱ¬'s objectives and obligations within the framework set by the new 91Èȱ¬ Trust.
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Appointments to the Executive Board are made in accordance with procedures laid down in the Charter and Agreement and, in the case of non-executive directors and the Director-General, are subject to the approval of the 91Èȱ¬ Trust.
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The 91Èȱ¬ Trustees have also formally approved the appointment of the 91Èȱ¬ Director-General Mark Thompson, as Chairman of the Executive Board.
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Mark Byford, Deputy Director-General of the 91Èȱ¬, will also serve as Deputy Chairman of the Executive Board.
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Marcus Agius has extensive City and commercial experience.
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He joined Lazard in London in 1972, becoming Chairman of Lazard London in 2001 and Deputy Chairman of Lazard LLC in 2002.
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He joined BAA PLC as a non-executive Director in 1995, becoming Chairman in 2002, and joined Barclays PLC in 2006 as a non-executive Director.
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He will retire from Lazard at the end of the year and become Chairman of Barclays PLC in 2007.
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He holds an MBA from Harvard Business School and is a Trustee of the Royal Botanic Gardens, Kew and is Chairman of the Kew Foundation.
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A further four non-executive directors are expected to be appointed to the 91Èȱ¬ Executive Board before the year end making up a "significant minority" of the Board.
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The remainder of the Board will consist of a number of executive directors.
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Announcing the appointment of Marcus Agius, 91Èȱ¬ Director-General Mark Thompson said: "Marcus Agius brings to our new board an impressive and very successful track record in managing large institutions.
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"His role as Senior Independent Director will be crucial to the success of our new board structure.
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"I am confident that he will bring a new perspective and challenge to our decision-making which will help us to deliver effectively through the next Charter period.
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"I am very much looking forward to working with him."
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Marcus Agius said: "I am delighted to be joining the Executive Board of the 91Èȱ¬ at this inflection point in its corporate governance and greatly look forward to working with Mark Thompson and his team as they face the challenges of leading the Corporation at a time of great change."
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91Èȱ¬ Chairman Michael Grade said: "I am gratified that we have been able to attract a senior independent director of Marcus' reputation and stature, a vote of confidence in the 91Èȱ¬."
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91Èȱ¬ Press Office
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