The Government has approved the appointment of two new non-executive directors to the Office of Fair Trading.

William Moyes has been appointed for a three-year term from today. For six years until the end of January 2010 he was executive chairman of the Independent Regulator of NHS Foundation Trusts (‘Monitor’). Previous roles included director-general of the British Retail Consortium and head of infrastructure finance in the Bank of Scotland Group working on projects under the Private Finance Initiative. Before this he was a senior civil servant. He is also a lay member of the Legal Services Board and a trustee of the Nuffield Trust.

Alan Cook has been appointed for a four-year term. He has just retired as managing director of the Post Office in March 2010 and before this was chief executive of National Savings and Investments. He spent a large part of his earlier career with Prudential. He also holds non-executive director posts with the Financial Ombudsman Service and the Department of Transport and is chairman of ‘Action for ME’, a prominent UK Charity for sufferers of ME.

OFT chairman Philip Collins said: “These new non-executive members bring with them diverse experience in both the private and public sectors which will benefit our Board discussions. I look forward to working with them at the OFT as we continue to focus on issues that will achieve the best outcomes for consumers and the economy as a whole.”””