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Board Committees

The Board has established a number of Committees, each with its own delegated authority defined in terms of reference. These terms are reviewed periodically and the Board receives reports and copies of minutes of Committee meetings. The Board appoints the members of all principal Board Committees, having received the recommendations of the Nominations Committee.


 

Principal Committees

The principal Committees, together with their terms of reference and a link to a summary of their activities (as detailed in our latest Annual Report), are detailed below:

Nominations Committee Terms of reference Activities
Audit Committee Terms of reference Activities
Remuneration Committee Terms of reference Activities

Other Committees

Our latest Annual Report includes details of:


Neil Carson OBE

Chairman

Committees:

  • Nominations (Chairman) 
  • Remuneration

Joined TT: 2015

Currently Honorary President of SCI (the Society of Chemical Industry), non-executive chairman of Oxford Instruments plc and a non-executive director of TI Fluid Systems plc (where he is also deputy chairman, senior independent director and chairman of the remuneration committee). Formerly chief executive of Johnson Matthey plc, a non-executive director of Amec Foster Wheeler plc and Paypoint plc, and a founder member of the Prince of Wales’ Corporate Leaders Group on Climate Change. After completing an engineering degree, Neil joined Johnson Matthey in 1980 where he has held a number of senior management positions in both the United Kingdom and United States. He was awarded an OBE for services to the chemical industry in 2016.

Richard Tyson

Chief Executive Officer

Committees:

  • CSR (Chairman)
  • Risk (Chairman)

Joined TT: 2014

Currently a non-executive director of The Vitec Group plc. Formerly President of the Aerospace & Security Division of Cobham plc from 2008 to 2014 and a member of their Executive Committee. Previously responsible for TRW Aeronautical Systems (formerly part of Lucas Industries) European aftermarket business before joining Cobham plc in 2003 to run its flight refuelling division. Richard is a fellow of the Royal Aeronautical Society and a governor of St Swithins' Independent School for Girls in Hampshire.

Mark Hoad

Chief Financial Officer

Committees:

  • Risk

Joined TT: 2015

A Chartered Accountant, Mark was group finance director of BBA Aviation plc, a FTSE 250 company, from 2010 to 2014. Before joining BBA as group financial controller in May 2005, he spent nine years in a variety of management roles at RMC Group plc with periods in Germany, Croatia and Australia.

Stephen King

Senior independent non-executive Director

Committees:

  • Audit (Chairman)
  • Nominations

Joined TT: 2011

Currently a non-executive director on the board of Chemring plc and Bristow Group Inc. Formerly, Stephen was group finance director of Caledonia Investments plc and a non-executive director and chairman of the audit committee of The Weir Group plc. He was group finance director of De La Rue plc from 2003 to 2009 and, before that, finance director of Aquila Networks plc (formerly Midlands Electricity plc). A Chartered Accountant, Stephen has also held senior financial positions in Lucas Industries plc and Seeboard plc, and was also a non- executive director of Camelot plc from 2008 to 2009.

Michael Baunton CBE

Independent non-executive Director

Committees:

  • Audit
  • Nominations
  • Remuneration
  • CSR

Joined TT: 2010

Currently Chairman of the board of SMMT Industry Forum Limited (the Society of Motor Manufacturers and Traders’ Industry Forum) and Non-Executive Chairman of VTL Group and Sertec Corporation Limited. Awarded a CBE in 2004 for services to the automotive and engineering industries in the UK. Previously held senior executive roles with companies including Caterpillar Inc, Perkins Engines Company Limited and Tenneco Inc.

Jack Boyer OBE

Independent non-executive Director

Committees:

  • Audit
  • Nominations
  • Remuneration

Joined TT: June 2016

Currently a non-executive Director and Chairman Designate of AIM-listed Seeing Machines Limited and Chairman of the Academies Enterprise Trust. Chair of the University of Bristol, and Member of the Board of the Henry Royce Institute for Advanced Materials. Awarded an OBE in 2015 for services to science and engineering. Formerly non-executive Director and Chairman of the Remuneration Committee of Mitie Group plc and Laird plc. Also, formerly a Member of Council of the Engineering and Physical Sciences Research Council and prior to that, Chairman of Ilika plc. An entrepreneur, he previously founded and ran companies in the engineering, telecommunications and biotechnology sectors. Previously an investment banker at Goldman Sachs and strategy consultant at Bain & Co.

Alison Wood

Independent non-executive Director

Committees:

  • Remuneration (Chairman)
  • Audit
  • Nominations

Joined TT: July 2016

Currently a non-executive Director and Chairman of the Remuneration Committee of Costain Group plc, Cobham plc and the British Standards Institution. Formerly Global Director Corporate Development & Strategy for National Grid plc and, before that, Group Strategic Development Director for BAE Systems plc, responsible for corporate strategy, mergers and acquisitions, and strategic business development across the United Kingdom and United States. Alison has previously held non-executive directorships at e2v technologies plc, BTG plc and THUS plc.

Lynton Boardman

General Counsel & Company Secretary

Committees:

  • Corporate Responsibility
  • Risk

Joined TT: 2012

A qualified solicitor, having practised with Simmons & Simmons, Macfarlanes and Burges Salmon LLP. Formerly Head of Legal (Europe, Middle East and Africa) at Syngenta Crop Protection and then General Counsel and Company Secretary of QinetiQ Group plc from 2002 to 2011.