HM Treasury announced on 16 September 2026 that the King and the Chancellor had appointed three new non-executive directors to the Bank of England's Court of Directors. David Craig and Paul Nowak were appointed to four-year terms until 31 August 2030, and Hanneke Smits was to begin a four-year term on 1 January 2027, running until 31 December 2030.

Craig and Nowak were to fill positions vacated by Sir Ron Kalifa and Baroness Frances O'Grady, attending their first Court meetings on 17 September and 22 October respectively. Smits was to take the position held by Sabine Chalmers, who had told the Court she intended to resign at the end of October 2026; Smits's first Court meeting was scheduled for 11 February 2027. Lord Jitesh Gadhia and Tom Shropshire were reappointed for second four-year terms beginning 24 October and 1 November 2026.

Chancellor John Healey said the appointments strengthened the Court at a critical moment for the UK economy. Court Chair David Roberts thanked Chalmers for her dedication over the past four years and welcomed the new members. The release said the appointments followed a fair and open competition under the Governance Code on Public Appointments.