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October 2, 2011

Deloitte UK appoints Michael Peat as non-executive

International Integrated Reporting Committee chairman Sir Michael Peat has been appointed independent non-executive for Deloitte UK.

Peat has spent 20 years working for the British Royal Family where he has held the post of Keeper of the Privy Purse and Treasurer to the Queen and most recently he has served as private secretary to the Prince of Wales.

Peat was also previously a partner at KPMG.

“I am delighted to be joining Deloitte. The accountancy profession plays a vital role in underpinning the integrity, trust and confidence which are essential prerequisites for economic growth and prosperity, and I am very much looking forward to being part of the profession again,” Peat said.

Peat is the final independent non-executive to be appointed by Deloitte. He joins Gerry Grimstone and DeAnne Julius who were appointed as independent non-executives earlier this summer. The independent non-executives will sit on Deloitte’s main board and form the majority on Deloitte’s Public Interest Oversight Industry.

“The intention is for them to form an active dialogue with the firm to help shape and influence our business, not only in the interest of greater transparency, but also its strategic direction and the way we work with clients,” Deloitte UK chairman David Cruickshank said.


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