The role of the EMR Settlement Board

The EMR Settlement Board is responsible for our corporate governance and oversees our procurement and contract management processes.

The four members of the Board have a strong mix of multi-disciplinary experience, particularly in the fields of financial settlement and electricity industry governance.

Sara Vaughan was appointed to the Elexon Board on 1 March 2019 and served as interim Chief Executive Officer between November 2021 and April 2022.

Sara was formerly Executive Director for Strategy and Regulation and, latterly, for Political and Regulatory Affairs at E.ON. She started her career as a lawyer at Slaughter and May before moving to Powergen (as it then was) as a competition lawyer.

Sara is a Non-Executive Director of the North Sea Transition Authority, a member of the Energy Advisory Panel at the Energy Institute, where she is a Fellow, and Advisory Group and Steering Group Co-chair in Icebreaker One’s work on Open Energy. She was a Board Member of the UK Business Council for Sustainable Energy, which later merged into Energy UK, where she was an alternate Board member and was a member of the CBI West Midlands Regional Council. She is also a local Parish Councillor.

Peter was appointed as CEO in September 2023, and was previously the Chief Operating Officer for Elexon.

He has over 35 years experience in the electricity industry and has gained a strong background in driving technology and data focused transformations within the energy sector. He has a proven track record in leading post-acquisition integrations, complex technology initiatives, and operational model shifts.

He has been instrumental in scaling Elexon’s business with a digitalized platform strategy and operational transformation, driving key initiatives for market insight services, data analytics, and emerging flexibility markets.

Tim is part of the founding Board and senior Non-executive Director at the recently formed agriculturally focussed Oxbury Bank Plc where he chairs both Audit committee and Remco.  He is also a senior advisor to Reply Group, a digital services, technology and consultancy multi-national company.

Previously he was a Non-executive Director and Audit committee chair at Pay.UK, as well as CEO at the UK high value payment operator CHAPS. Tim has also held a variety of senior executive positions in HSBC in the UK and overseas, as well as senior advisory roles in the Bank of England and London Metal Exchange. His experience brings a broad range of competencies focusing on business transformation, critical national infrastructure, regulatory engagement, and systemic and operational risk.