Rick Haythornthwaite

Date of appointment:

8 January 2024, 15 April 2024 (Chair)

Contribution to the Boards:

Rick is a highly experienced Chair who combines a successful commercial career with a deep knowledge of financial services markets and technology, as well as a strong track record of delivery at significant customer-facing organisations. Rick’s Chair experience extends across industry sectors, including Ocado Group plc, which provides technology and automation solutions for grocery retailers; Embedded Finance, a fintech company; QiO Technologies Limited, the industrial AI company that Rick co-founded; Xynteo, a Norway-based sustainability consultancy; and Mastercard Inc, a global technology company.

Relevant experience:

During his tenure as Chair of Mastercard Inc the company was transformed from a credit card company to a global technology company and its market capitalisation increased from $5 billion to over $350 billion. He also chaired Arc International Holdings, Centrica plc and Network Rail Limited, and was a partner at Star Capital. Rick’s past non-executive directorships include Globant S.A, Cookson plc, Lafarge S.A., Land Securities plc and ICI plc. Rick also led the Haythornthwaite Review of UK Armed Forces Incentivisation.

Rick has been responsible for several high-profile business transformations and rescues, including Invensys, then one of the world’s leading industrial controls companies, as CEO.

Current external appointments:

• Chairman of AA Limited
• Senior advisory partner at Moelis & Co
• Visiting Fellow at the Said Business School, Oxford University.

Committee memberships:

• Group Nominations and Governance Committee (Chair)