He will hold the position for a term of 3 years from 1 May 2003 until 30 April 2006.
Among Pomeroy’s other ministerial appointments with remuneration is chair of the National Lottery Commission for which he earns £33,842 a year. He is also chair of Lloyd’s audit committee and formerly chair of the Prudential Supervisory Committee.
Pomeroy, a qualified accountant, has also worked as financial and economic advisor to UK regulators. For his new appointment at the Audit Commission Pomeroy will draw a salary of £15,000 a year on the basis of a time commitment of 4 days a month.
Sir Graham Hart and Elizabeth Filkin will both serve a second term as commissioners until 30 April 2004.
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