Stevenson, who has been a non-executive director since June 2004, will take on the role until his retirement from the board in May 2010.
The Treasury and the FSA also announced today that it will strengthen the FSA board through the appointment of two new non-executive directors. The process to recruit them will commence shortly.
FSA chairman Lord Turner says: “I am delighted that Hugh Stevenson will be appointed as chairman of the committee of non-executive directors. Hugh has been a valuable member of the Board and will bring an extensive understanding of the FSA and our work to this new role.”
Financial Services Secretary Lord Myners says: “I am very pleased to announce Hugh Stevenson’s appointment as chairman of the committee of non-executive directors. He brings a wealth of experience to the role and as a non-executive director at the FSA since 2004 will provide valuable continuity to the position.”