Mills has already shown he is ready to take a tough stance against wayward firms, and on Tuesday morning was fielding questions from reporters about the launch of the FCA’s new so-called consumer duty, which makes senior bosses accountable for protecting everyday retail investors. It followed an order that forced Facebook’s parent company to sell their gif creation website, and fines against pharmaceutical companies for overcharging the NHS for tablets. The concern, apparently, is that she would continue the trend set under the outgoing boss, Andrea Coscelli, who has taken aim at a range of firms across industries including immigration to tech and fashion.Įarlier this year, the watchdog raided the offices of outsourcer Mitie over a contract linked to immigration removal centres, and a month earlier fined JD Sports and Footasylum £5m for anti-competitive behaviour that included clandestine meetings between their chairmen in a Manchester car park. But Cardell, who previously served as one of the CMA’s top lawyers, is also reportedly facing opposition from Tories who worry she would be too interventionist. Mills is competing for the job against the CMA’s current interim chief executive, Sarah Cardell. A spokesperson declined to distance the department from the comments provided to the Telegraph. The Department for Business, Energy and Industrial Strategy, which is overseeing the appointment, declined to comment. The last thing we need is a chief executive who is a paid-up supporter.
We’ve just persuaded them to stop paying money to Stonewall. But some ministers are said to be reluctant to sign off on his appointment to the £195,000-a-year job because of his support for transgender and queer people through his role as chair of trustees of Stonewall, the LGBTQ+ charity.Īccording to the Telegraph, a government source said: “We want to avoid a politically controversial candidate such as Sheldon. Now Mills is understood to be a frontrunner to become chief executive of the CMA. He then went on to become a solicitor working in competition law for big City law firms, before taking top jobs at regulators the Office of Fair Trading (OFT), the Competition and Markets Authority (CMA) and the Financial Conduct Authority (FCA). Mills went to King’s College, where he obtained both undergraduate and postgraduate degrees, becoming only the second person from his school to go to university.
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