LONDON (Reuters) -The Confederation of British Industry said on Wednesday that the chair of defence company BAE Systems, Cressida Hogg, will be its next president, succeeding Rupert Soames, a grandson
CBI Appoints BAE Systems Chair Cressida Hogg as New President
Cressida Hogg's Vision for the CBI and UK Economy
LONDON (Reuters) -The Confederation of British Industry said on Wednesday that the chair of defence company BAE Systems, Cressida Hogg, will be its next president, succeeding Rupert Soames, a grandson of Winston Churchill with a long career in British industry.
Background of Cressida Hogg
Hogg, who will take up the role on January 1, also serves on the board of the London Stock Exchange Group and is a member of a public body that oversees takeovers of British listed companies.
Challenges and Opportunities Ahead
"Whilst this is a challenging time for business, it is also one of opportunity," Hogg said in a statement.
CBI's Recent Leadership Changes
"I look forward to working with the CBI team as we help government achieve our common objectives of making the UK a high-growth economy, attracting the investment needed to drive global competitiveness and increased productivity," she added.
Soames, who was appointed in December 2023 after the CBI's future came into question due to a string of sexual assault allegations, was previously chief executive of outsourcing company Serco.
(Reporting by Sam Tabahriti; editing by David Milliken)
