Wellcome Trust announces new Executive Board appointments

The Wellcome Trust is pleased to announce the appointments to its Executive Board of Tim Livett as Chief Financial Officer and Ted Smith as Director of People and Development.

Tim Livett joins the Trust from Virgin Atlantic, where he has been Chief Financial Officer since 2004. He was previously European Chief Financial Officer for Hudson Highland Group Inc, a recruitment and search business. As CFO, he will be responsible for the Trust's financial management and for IT.

Ted Smith joins the Trust from the Medical Research Council, where he was Group HR Director. He previously worked at Glaxo Group Research, GlaxoWellcome and GSK (where he was a Vice President HR for the information systems and research teams). He takes on a new role, responsible for thinking strategically about how best to lead, develop and recruit talent in pursuit of the Trust's mission, including both its staff and its wider research community.

Dr Jeremy Farrar, Director of the Wellcome Trust, said: "I am delighted to be able to announce the appointment of two new Executive Board colleagues of the calibre and experience of Tim and Ted. Both share my passion for the Trust's mission of advancing human and animal health, and they will make important contributions to leading our colleagues in pursuit of this goal."