Peter was appointed to the Board as a Non-Executive Director on 24 May 2004 and was elected Chairman with effect from 1 November 2004. His other non-executive appointments are: N M Rothschild & Sons Limited, The Equitable Life Assurance Society, Templeton Emerging Markets Investment Trust PLC and Associated British Foods plc. He is a Member of the Board of the CBI. Formerly Peter was Senior Partner of PricewaterhouseCoopers LLP (PwC) and served for two years as Chairman of Coopers & Lybrand International and as a member of the global leadership team of PwC. He served as Chairman of RAC Plc and was a Non-Executive Director of Safeway plc.