Press release by the FRC – The Financial Reporting Council (FRC) announces that Tracy Vegro has been appointed Executive Director of Strategy & Resources. In this new role Tracy will be responsible for implementing the FRC’s strategy, and ensuring the organisation has the culture, resources and leadership to deliver against its objectives as it takes on the new role of the Competent Authority for Audit.

Tracy will report to the FRC’s Chief Executive, Stephen Haddrill and sit on the Executive Committee.

Tracy Vegro is a Senior Civil Servant who has just concluded a secondment through the Cabinet Office High Potential Secondment Programme at the Co-operative Group where she worked initially on the Co-operative Bank recapitalisation, the subsequent Treasury Select Committee Inquiry into the Bank’s problems, and then stayed to implement significant governance reforms at the Co-operative Group, following Lord Myners’ Review of its governance.

Stephen Haddrill, Chief Executive of the FRC, said,

"Tracy’s work on policy and strategy will be invaluable to the FRC as we enter our next three year strategic cycle. Her experience and insight in governance and capital market issues will be of critical importance to the FRC as our responsibilities grow and we seek to promote trustworthy behaviour and trustworthy corporate information in pursuit of our mission to foster investment."

Tracy Vegro said,

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"I am delighted to be joining the FRC and to the challenge of helping the organisation implement its new strategy. I’m particularly looking forward to working with the FRC’s extensive stakeholders to promote trustworthy and transparent information and behaviours, and to contributing to its important work of boosting economic confidence and growth by assisting the flow of global capital into the UK."