Intertek names new chariman as David Reid

BRITISH testing firm Intertek has announced that outgoing Tesco chairman David Reid will join the firm to fill the same role next January.

Intertek, which tests products from toys and clothes to oil and renewable technology, said Reid, also a former chairman of Kwik-Fit Group, would replace Vanni Treves, who will retire on 1 January after 10 years in the post.

Reid, 64, will join the Intertek board as a non-executive director from December.

The FTSE-100 listed company, which last month posted a 14 per cent rise in first-half profit.

Intertek used Spencer Stuart as its headhunter.

Shares in Intertek closed up 1.8 per cent yesterday at £20.03.