Britain's top business body appoints new head
The Confederation of British Industry (CBI), Britain's biggest employers' body, announced on Monday that its current deputy head John Cridland would become its new leader.
"John Cridland is to become the new CBI Director-General ... at the end of January when Richard Lambert, who has led the CBI since July 2006, steps down," a statement said.
"With all eyes on the business community to lead our country's economic recovery, the role of CBI Director-General has never been more important," CBI President Helen Alexander said.
Cridland, 49, said he would work "to create high-quality, workable solutions that promote competition and allow all businesses, both new and established, to thrive and prosper, serve their customers, and create jobs".
His starting annual salary will be 310,000 pounds (366,000 euros, 499,000 dollars), said the CBI, which represents 240,000 businesses.
Britain's coalition government has set about slashing a record public deficit which some economists estimate will lead to the loss of one million jobs across the public and private sectors.
© 2010 AFP