Overview

• The Confederation of British Industry (CBI) has appointed Sir Rupert Soames, a critic of ethical investing and former Serco chief executive, as its next president.
• The appointment comes as the CBI seeks to rebuild its reputation following a sexual misconduct scandal that led to an exodus of its largest members.
• Sir Rupert Soames, who is also the chair of medical devices company Smith & Nephew, will take over from Brian McBride early next year before facing a confirmation vote at the CBI's annual general meeting in June 2024.
• During his tenure at Serco, Sir Rupert clashed with ethical investors over claims they were making it harder to defend and police Britain.
• The CBI, once Britain’s biggest lobbying group, is now trying to regain influence at the highest levels across the UK.