Former RFU Chair Tom Ilube to Lead Britain's Largest Cash Machine Network
In a significant appointment for Britain's financial infrastructure, Tom Ilube, the former chairman of the Rugby Football Union (RFU), is set to become the new chairman of LINK, the operator of the UK's biggest cash machines network. Sky News has learned that the announcement will be made officially on Monday, marking a pivotal moment for the organisation as it navigates a rapidly evolving payments landscape.
A Distinguished Career in Leadership and Governance
Tom Ilube brings a wealth of experience from diverse sectors to his new role at LINK. He stepped down from his position as RFU chair in 2024, having overseen a transformative period for English rugby. Beyond sports governance, Mr Ilube serves as a non-executive director of WPP, the global marketing services group, and has previously held a board position at the BBC, showcasing his expertise in media and corporate strategy.
His appointment comes at a critical juncture for LINK, which manages over 40,000 ATMs across Britain, although this number has seen a gradual decline in recent years. The network is owned by its members, including major UK banks, building societies, and the Post Office, highlighting its central role in the nation's financial ecosystem.
Addressing the Decline in Cash Usage
The move to appoint Mr Ilube underscores LINK's commitment to addressing the ongoing shift away from cash transactions. As Britons increasingly adopt digital payments, the network faces the challenge of maintaining access to cash for millions who still rely on it. In a statement released on Sunday, Mr Ilube emphasised the importance of this mission, stating, "Access to cash remains vital for millions of people and businesses, and ensuring no one is left behind as payments continue to evolve is a responsibility I take very seriously."
He further highlighted LINK's critical role, adding, "LINK has a critical role to play in maintaining that access while helping the UK navigate a rapidly changing financial landscape." This focus on inclusivity and adaptation reflects broader trends in the financial services industry, where balancing innovation with traditional needs is paramount.
Succession and Strategic Direction
Mr Ilube succeeds Sir Mark Boleat, who served as chairman for nine years, steering LINK through previous phases of change. The transition signals a potential new strategic direction for the network, leveraging Mr Ilube's background in sports, media, and marketing to enhance its public profile and operational resilience. As cash usage continues to wane, his leadership will be crucial in shaping policies that support vulnerable communities and small businesses dependent on physical currency.
This appointment also highlights the interconnectedness of Britain's institutional boards, with figures like Mr Ilube moving between roles in sports, corporate, and public service sectors. It raises questions about how LINK will innovate under his guidance, possibly exploring partnerships or technological upgrades to sustain its network amidst financial digitalisation.
