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FRC chief executive set for exit to lead HS2

Sir Jon Thompson will continue as chief executive of the FRC on a part-time basis until the end of his six months’ notice period

By James Booth
Under Sir Jon Thompson’s watch, the FRC has been preparing for the switch, which requires legislation from the government
Under Sir Jon Thompson’s watch, the FRC has been preparing for the switch, which requires legislation from the government Photo: SOPA Images/LightRocket via Getty Images

The chief executive of the City audit watchdog has resigned to chair HS2, the project to build a high-speed rail line between London and the north of England.

Sir Jon Thompson, who joined the Financial Reporting Council in 2019, is taking up the HS2 role with immediate effect, the FRC confirmed on 9 February.

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