The CBI has announced today that Paul Drechsler, chairman of diversified international firm Bibby Group, has been nominated to succeed Sir Mike Rake as president of the UK’s leading business group.
CBI members will be asked to endorse Drechsler’s appointment as president at the annual general meeting on July 13. It follows his nomination by the Chairmen’s Committee in a process led by Sir Mike Rake.
The CBI president plays a leading role in the organisation’s advocacy work, meeting with ministers and senior civil servants, promoting UK business internationally and chairing the CBI Board.
Commenting on the nomination, Rake noted: “Paul brings with him an impressive breadth of experience of leading companies of all sizes across varied sectors operating internationally and domestically, and of public companies and privately-owned firms.
“He combines this with a passion and a drive to ensure that business is recognised as a force for good and at the heart of the community.
“Paul is a fantastic advocate for businesses of all sizes and will play a vital role in continuing to ensure the CBI’s voice is heard loud and clear on the economic and political issues that affect growth and jobs, including reform of the European Union and devolution.”
Delighted with his nomination, Drechsler added: “This is a critically important time for the economy with plenty of challenges ahead. I look forward to continuing Sir Mike’s excellent work with CBI members and politicians to boost jobs and growth across all UK businesses, regions and nations.
Drechsler has been a member of the CBI Board since 2012 and was chairman of the CBI Energy Policy Committee between 2007 and 2012 and a member of the Chairmen’s Committee.
He has been recognised several times for his leadership, and in February 2015, was honoured by Her Majesty, The Queen with an Honorary CBE for services to the construction industry.
“The coming months will be dominated by the prospect of an EU referendum and my focus will be on working with businesses and the Government to champion ambitious reform to ensure the EU delivers for businesses and citizens at home and on the continent.
“While EU reform is top of the agenda, we mustn’t lose track of other important growth priorities, including ensuring we have an education system that addresses skills shortages and enables all young people to have fulfilling careers.
“I will also focus on securing the high-quality infrastructure the UK needs to compete on the world stage and ensuring growing firms can access the range of finance options they need to thrive.”
