Transparency data

DBT departmental board members’ register of declared interests 1 February 2024 to 31 August 2024

Updated 4 October 2024

© Crown copyright 2024

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This publication is available at https://www.gov.uk/government/publications/dbt-register-of-board-members-interests/de6218a2-fc07-4191-8753-aed033ddd8b9

This list sets out declared interests of executive and non-executive members who served on the Department for Business and Trade’s board in the 2023 to 2024 and 2024 to 2025 financial years. Ministers’ interests are published separately by the Cabinet Office.

Departmental board members are asked to declare any personal, business or related party interests that may, or may be perceived by a reasonable member of the public to, influence their judgements in performing their obligations to the department.

The purpose of this list is to meet the requirements of section 6.4.3(e) of the Government Financial Reporting Manual: 2023-24 and paragraph 4.15 of the Corporate governance code for central government departments 2017.

The list is categorised into:

  • company directorships and other significant interests
  • financial interests
  • non-financial interests
  • related party interests
  • miscellaneous

Non-executive board members

Stephen Hill OBE (until 12 August 2024)

Company directorships and other significant interests:

  • non-executive member of the Main Board of the Royal Air Force

Karina McTeague

Company directorships and other significant interests:

  • non-executive board member of True Potential Group Limited (remunerated)

  • shareholder of Lloyds Banking Group derived from share options as an employee before departed in 2013

  • member of Board of Fidelis Underwriting Limited (from 13 August 2024) (remunerated)

  Non-financial interests:

  • member of the Economy and Enterprise Committee of the Royal Society of Edinburgh (Scotland’s National Academy) (non-remunerated)

Robert Leeming (until 12 August 2024)

Related party interests:

  • wife is an art consultant (Christie and Leeming)

  • brother runs a company called the Master Herbalist

  Company directorships and other significant interests:

  • director of a small family company

  • partner at Foundation Investments, an investment firm

  • board member of Miexact, legal entity Information Services bidco (from January 2024)

Peter Fleet (until 12 August 2024)

  Company directorships and other significant interests:

  • director of Retail Automotive Alliance Limited

  • director of Advanced Electric Machines Group Ltd

  • advisor to Winner Imports (Ukraine) Limited 

  • non-executive director, Clipper Holdings (Hong Kong) Limited 

Lord Kamall (until 12 August 2024)

Company directorships and other significant interests:

  • Professor of Politics and International Relations, St Mary’s University

  • member, Advisory Board, Acton Institute’s Collins Center for Abrahamic Heritage

  • Research Consultant, Politeia

  • Academic Consultant, Institute of Economic Affairs (from March 2024)

  Non-financial interests:

  • member, Advisory Board, Startup Coalition (making policy in UK better for tech startups and scaleups)

  • co-founder and member of Advisory Board, Islam & Liberty Network

  • adviser, Kitchen Table Charities Trust

  • captain, Conservative Party Kiva Lending Team

  • member, Academic Advisory Council, Institute of Economic Affairs

  • trustee, Intergenerational England

Sir Stephen O’Brien (until 12 August 2024) 

Company directorships and other significant interests:

  • Non-Executive Chairman, Motability Operations Group PLC

  • Non-Executive Vice-Chairman, Savannah Energy PLC

Non-financial interests:

  • Advisory Council, Coalition for Global Prosperity

  • Non-Executive Director, Friends of The Global Fund Europe

  • Mentor Adviser to Hala Systems, Inc

Executive members

Gareth Davies CB

Related party interests:

  • wife, Emma Loxton, is a partner at McKinsey in the UK Travel, Transport and Logistics practice

  • close friend, Miles Celic, is the CEO of CityUK, a DBT stakeholder

 Non-financial interests:

  • trustee of the Heywood Foundation (non-remunerated)

  • trustee of the Chris Martin Foundation Trust (non-remunerated)

Crawford Falconer KCMG

No interests declared.

Bidesh Sarkar CBE

All financial interests declared and managed in line with Cabinet Office guidance.

Related party interests:

  • brother is founder and Group Chief Executive of Salary Finance, a savings and lending business

Tara Smith

Non-financial interests:

  • member of the Board of Governors, Leeds Trinity University (non-remunerated)
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