Board of Directors and Operating Board

Board of Directors

1. Oliver Stocken

   Chairman

   Oliver was a director of NM Rothschild & Sons and held several roles within Barclays Group culminating in his appointment as group finance director of Barclays PLC. In 2000, he was appointed to the GUS board where he chaired the audit committee and subsequently the remuneration committee. In October 2006, he became chairman of Home Retail Group. He is deputy chairman of 3i Group plc, a non-executive director of Standard Chartered plc and chairman of Stanhope plc and Oval Limited. Oliver is also chairman of the Trustees of the Natural History Museum.

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2. Terry Duddy

   Chief Executive

   Terry began his career at Letraset, working in personnel management and then in product management. In 1984, he joined Dixons Stores Group where he held a variety of commercial positions, including sales director of Currys, product marketing director of Dixons Stores Group and, latterly, managing director of PC World. Terry joined GUS in August 1998 as chief executive of the newly acquired Argos, becoming a GUS director later that year. In 2000, he was appointed chief executive of Argos Retail Group. In October 2006, he became chief executive of Home Retail Group.

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3. Richard Ashton

   Finance Director

   Richard started his career at PricewaterhouseCoopers LLP where he trained as a chartered accountant. In 1994, he joined GE where he spent eight years and held a variety of positions. These included chief financial officer of GE Capital’s pan-European equipment financing business, headquartered in The Netherlands, assistant to GE Capital’s chief financial officer in the US and various finance roles in the UK. Richard joined Argos Retail Group as finance director in November 2001. In October 2006, he became finance director of Home Retail Group.

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4. Andy Hornby

   Non-Executive Director

   Andy began his career at Boston Consulting Group before joining Blue Circle as business development director, Blue Circle Home Products. Following a move to ASDA he held a number of senior general management roles, including managing director of George, ASDA’s clothing business. In November 1999, Andy joined the board of Halifax as chief executive, Halifax Retail. Andy was chief executive of HBOS plc from August 2006 until the takeover by Lloyds TSB in January 2009. Andy joined the GUS board in January 2004. He became a non-executive director of Home Retail Group in October 2006. Andy chairs the remuneration committee of Home Retail Group.

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5. John Coombe

   Non-Executive Director

   John held a number of senior financial roles within Charterhouse Group plc and Charter Consolidated plc before joining Glaxo Holdings in 1986. Appointed to the board in 1992, he was ultimately chief financial officer of GlaxoSmithKline for five years before retiring in 2005. He joined the GUS board in April 2005. He became a non-executive director of Home Retail Group in October 2006. He is the senior independent director and chairs the audit committee of Home Retail Group. He is a non-executive director of HSBC Holdings, chairman of Hogg Robinson Group and a former member of the Code Committee of the Panel on Takeovers and Mergers. Until 2003, he was a member of the UK Accounting Standards Board. He is also a trustee of the Royal Academy of Arts Trust, where he chairs the audit committee.

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6. Penny Hughes

   Non-Executive Director

   Penny spent ten years with Coca Cola, initially as marketing director and ultimately as president of Coca-Cola GB & Ireland. She has held a number of non-executive roles on the boards of international businesses such as Vodafone, Trinity Mirror, Body Shop and Reuters, and will leave the GAP board at the end of May 2009. Currently, she serves on the board of the Swedish bank Skandinaviska Enskilda Banken. She is president of the Advertising Association and a trustee of the British Museum. Penny joined the Board of Home Retail Group in December 2006.

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Committees

Nomination Committee:

Oliver Stocken (Chairman), John Coombe, Terry Duddy, Andy Hornby, Penny Hughes

Remuneration Committee:

Andy Hornby (Chairman), John Coombe, Penny Hughes, Oliver Stocken

Audit Committee:

John Coombe (Chairman), Andy Hornby, Penny Hughes

*Sarah Carpenter left the Group at the end of February.
*Eugene Brazil retires from the business at the end of October.