Senior Non-Executive Director & Chairman of the Finance Committee
Michael Chuter is a Fellow of both the Institute of Chartered Accountants and the Institute of Internal Auditors, with board level experience across the public, private and third sectors.
He qualified in 1973 while working at a precursor to Chantry Vellacott, and his formative career was spent among some of the biggest names in the UK commercial sector; including Midland Bank, BAT, Wiggins Teape, Gillette, Spillers and Hertz.
In 1979 he moved into retail by joining ARCADIA (then known as the Burton Group), where his first three years were spent working in the office of the Group’s then flamboyant Chairman (Ralph Halpern). He ghost-wrote the Chairman’s reports, he prepared papers for the Board and he accompanied the Chairman to meetings with brokers and stakeholders in the City.
In 1982 he moved into Evans, one of the Group’s major subsidiaries with 247 outlets and 2,400 staff, initially as Financial Controller, then Finance Director and finally Merchandising Director. There his many achievements included overseeing Evans’ launch into Spain and developing a stock size allocation system that reduced end-of-season markdowns by more than a third.
In 1993 he joined a Chinese entrepreneur and, as the sole finance and legal member of a four-person team, brought an Asian retail brand to Europe, creating trading companies in the UK, France, Germany and Spain and opening 174 outlets in 14 different countries. Subsequently; he created an international holding structure, reducing EU withholding taxes, eliminating an unnecessary layer of European management and saving £500k in annual overheads.
In 2003 he took his retail and commercial acumen into the not for profit sector; first as Head of Finance and Enterprise at the Foyer Federation, then as Director of Finance and Resources at the National Children’s Bureau and then to Pump Aid, where he is presently Chief Executive. He joined Pump Aid in 2014 at a point of significant challenge and, under his leadership, the charity has doubled its annual income, moved from deficit into surplus, raised more than £500k from funders entirely new to the organisation and developed a forward strategy that will secure its future for many years ahead.