MyCSP announce the search for a new Chairman

1 Jul 2013

MyCSP announces that its Chairman Lord Hutton is stepping down.

MyCSP, the mutual joint venture pension administrator, has announced today that its Chairman, Lord Hutton of Furness is to step down having steered MyCSP through a successful and ground-breaking first year.

Lord Hutton has chaired MyCSP through the successful transformation from a public sector provider to a mutual joint venture. As we celebrate the first birthday of MyCSP, it is important to highlight Lord Hutton’s significant achievements during his tenure.

During this time as Chairman, Lord Hutton has overseen a company that has revenues of over £32 million, with 484 employees supporting 1.5 million members and 230 employers. He has also provided strategic guidance on the essential reorganisation necessary to improve service levels for both our existing clients and the new clients that we have won; this has included the relocation of our services, an active recruitment campaign and major updating of our technology infrastructure.

Lord Hutton explained: “MyCSP is a fine example of a successful transition and I am proud of the way the three stakeholders, particularly the employee partners, have worked together to achieve so much in a short period of time. Having steered the company this far, I feel confident in stepping down at its first anniversary.”

Chair of MyCSP Trustee Company Limited, Mr Mark Lund, said: “On behalf of the employee partners and shareholders, I would like to thank Lord Hutton for leading MyCSP through a successful first year and the unique challenges the business has faced as the first mutual to spin out of Government. The search for a new Chair is underway and we will of course announce this appointment as soon as it is made.”

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