THE SCOTTISH RUGBY BOARD has re-appointed David McMillan as an independent non-executive director for a second three-year term, with the insurance veteran’s experience in dealing with private equity transactions being cited as a valuable asset that he brings to the business.
“David is a seasoned international executive and CEO with extensive business and corporate governance experience,” said a statement issued on the SRU website on Tuesday. “As an independent, non-Executive Director he brings the requisite professional credibility, impartiality and financial skills to the Board, most notably in private equity transactions. During a period of significant change for rugby this appointment was seen by the Board as an essential step in maintaining continuity and challenge, helping promote and protect the interests of Scottish Rugby.”
McMillan joined esure Group Plc in July 2019 as Chief Executive Officer, having formerly been Group Chief Operating Officer of QBE, the Australian listed global insurer. Prior to that he spent 15 years with insurance firm Aviva plc, laterally as CEO Europe and India as well as Chairman of Global Healthcare. In his time at Aviva he held several senior roles including CEO for UK & Ireland and Chairman of the RAC. He started his career with Hewlett Packard before spending nine years in management consultancy at PricewaterhouseCoopers (PwC).
He attended Arbroath High School from 1979 to 1985, studied accountancy and computer science at Heriot-Watt University between 1984 and 1986, is a Chartered Management Accountant, gained an MBA from the University of Chicago in 1999 and is based in Edinburgh.
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Excuse my ignorance, but is a non executive’s duty not to police the board? Has this guy not been sitting on the board for the last three years whilst all the shenanigans have been going on and saying nothing? I’ve looked at his CV and I am under impressed.
Good to see him retained, the SRI needs as many good business minds on board to keep up the good work done by Dodson et al.
“Good to see him retained, the SRI needs as many good business minds on board to keep up the good work done by Dodson et al.”
Haha. You need to get the initials right otherwise Mr Dodson may not pay you!
The Board announced this the same day the President announced that one of the country’s top legal minds who independent Lu chaired the governance working party was being “stood down”- coincidence?
We can only judge via the tangled weave created by their “communications”/ media dept.
Brings back one of the attempts at humour by the outgoing Chancellor: “Cummings & goings” & what happens when power is abused for self-gratification.
As mentioned, he does have an impressive business CV but, just as an observation, isn’t it good practice for NEDs not to stay too long in any role to ensure that they keep the “independent and impartial” role that they were brought in for?
Good business CV, but, does he know one end of a rugby ball from another?
I do not know this guy nor do I have any knowledge of his skill(s) set.
However, to quote the SRU statement: “experience in dealing with private equity transactions”.
Since the whole concept of “Governance” has still to be thrashed out, it does seem rather impetuous to commit to a senior, albeit nonexec, on a 3 year role does seem a trifle rushed.
It actually shows it will be business as usual no matter what.