Lambert to leave the CBI

RICHARD Lambert, the business lobbyist who caused a furore by warning excessively-paid executives risked being seen as “aliens”, is to step down as director-general of the CBI.

Lambert will leave next year after five years at the helm of the influential body. Saxton Bampfylde, the specialist headhunter, has been appointed to find his successor.

Lambert joined the CBI in 2006 after a lengthy career at the Financial Times, which he edited for a decade, and a stint on the Bank of England’s Monetary Policy Committee.

Lambert said: “Now is the right time in the political and economic cycle for me to hand over to a new director-general... The economy is moving into a new phase, in which business investment and trade will be essential engines of recovery.”

Chancellor George Osborne saluted Lambert as a “fantastic” figurehead who had “provided real leadership”.