Sir Mike Rake to be next CBI president

Ben Southwood
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EASYJET and BT chairman Sir Mike Rake will succeed Sir Roger Carr as the next president of the Confederation of British Industry (CBI), the lobby group said yesterday.

Previous boss Carr hailed Rake’s experience across “a wide variety of sectors” and said he would work well with director-general John Cridland.

The business insider, as well as chairing Easyjet, BT and private equity watchdog the Guideline Monitoring Group, sits on the board of education resources firm McGraw-Hill, the Royal National Institute of Blind People and the Transatlantic Business Council. Between 2002 and 2007 he chaired accounting giant KPMG.

“I am delighted to have been asked to take on the role of president at the CBI at this critical stage of economic development,” Rake said.

The CBI says its president – who is unpaid – is largely involved in advocacy work, lobbying the government over business issues.