Bank of England Announces New Court Appointments and Reappointments
David Craig and Paul Nowak have been named to the Court of the Bank of England, with their four-year terms concluding on 31 August 2030. They are stepping in for Sir Ron Kalifa and Baroness Frances O’Grady. Their initial meetings are scheduled for 17 September and 22 October, respectively. Meanwhile, Hanneke Smits will take over from Sabine Chalmers, who is resigning in October 2026, serving from 1 January 2027 to 31 December 2030, with her first meeting on 11 February 2027. Additionally, Lord Jitesh Gadhia and Tom Shropshire have been reappointed for new terms beginning on 24 October 2026 and 1 November 2026. Chancellor John Healey remarked that these appointments bolster the Court during economic difficulties.
Key facts
- David Craig and Paul Nowak appointed to four-year terms until 31 August 2030.
- Hanneke Smits to serve from 1 January 2027 to 31 December 2030.
- Craig and Nowak replace Sir Ron Kalifa and Baroness Frances O’Grady.
- Smits succeeds Sabine Chalmers, who resigns at end of October 2026.
- Lord Jitesh Gadhia and Tom Shropshire reappointed for second four-year terms.
- First Court meetings: Craig on 17 September, Nowak on 22 October, Smits on 11 February 2027.
- Chancellor John Healey praised the appointments for strengthening the Court.
- Appointments followed a fair and open competition under the Governance Code on Public Appointments.
Entities
Artists
- David Craig
- Paul Nowak
- Hanneke Smits
- Sir Ron Kalifa
- Baroness Frances O’Grady
- Sabine Chalmers
- Lord Jitesh Gadhia
- Tom Shropshire
- John Healey
- David Roberts
- King Charles III
Institutions
- Bank of England
- Court of the Bank of England
- Trades Union Congress
- International Labour Organisation
- OECD
- G20
- Unity Trust Bank
- Refinitiv
- London Stock Exchange Group
- Taskforce on Nature-related Financial Disclosures
- BNY Investment Management
- BNY
- Alcentra
- Insight
- Newton
- Walter Scott
- Wellcome Trust
- Van Leer Foundation
- Education Endowment Foundation
- Blackstone
- Barclays Capital
- ABN AMRO
- Baring Brothers
- Rolls-Royce Holdings plc
- Taylor Wimpey plc
- UK Financial Investments Limited
- UK Government Investments Limited
- House of Lords
- The British Asian Trust
- Thermo Fisher Scientific Inc.
- Diageo plc
- Linklaters LLP
- New York University School of Law
- Comic Relief
Locations
- United Kingdom
- London