Former FRC chief executive Haddrill appointed FLA director general

Haddrill will take up his role in early December. It comes after a 10-year spell as chief executive at auditing, financial reporting and corporate governance regulator, the FRC.

Richard Jones, chairman of the FLA and managing director of motor finance & leasing at Lloyds Banking Group, said: “Stephen has worked at the very highest level across a number of different industries. His breadth of experience is exceptional, and I look forward to working with him as he leads the FLA on its next chapter, supporting its members by progressing and championing the long-term prosperity of our markets and the customers that we serve.”

Haddrill said: “I am delighted to be joining the FLA and to have the chance to play a leading role in helping a key sector to underpin business investment and meet the expectations of retail customers in a fast moving economic and technological environment.”

Fiona Hoyle, head of consumer and mortgage finance at the FLA, will continue as interim director-general until Haddrill takes up his new post on December 1.