Tesco Chairman Favourite To Be Named Next CBI President
Tesco chairman John Allan is set to become the next president of the Confederation of British Industry (CBI), reports the Financial Times.
The CBI announced yesterday that Allan will become vice-president of the organisation in October. The group is planning to elect a new president in July 2018, and this move would establish Allan as the favourite to succeed Paul Drechsler, the current CBI president, next year.
The Financial Times notes that previous CBI vice-presidents, including Clive Thompson and Helen Alexander, have gone on to be elected president.
Allan become chairman of Tesco in 2015. He also chairs Barratt Developments and lobbying group London First, and is a non-executive director of Worldpay.
Speaking about Allan's appointment as vice-president of the CBI, Paul Drechsler said that he would bring "a wealth of business experience to further strengthen the CBI’s board".
"John’s extensive experience in the logistics, business services and retail sectors, coupled with his board experience in construction and finance, will provide terrific insights into consumers and the economy across all parts of the country.”
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.