Paul Spencer was appointed a director of WPP in April 2004. He has 20 years' experience in the financial management of a number of blue chip companies including British Leyland Plc, Rolls-Royce Plc, Hanson Plc and Royal & Sun Alliance UK. He served as UK Chief Executive of Royal & Sun Alliance PLC between 1999 and 2002. He is the non-executive chairman of the State Street Managed Pension Funds and Goshawk Insurance Group Plc and a non-executive director of NS&I, a UK government-owned retail savings institution and of [[Britannic Group plc]. He is also the chairman of the Association of Corporate Treasurers Advisory Board.