The Queen of England has approved the appointment Paul Myners, chairman of Marks and Spencers, and Aru Sarin, chief executive of Vodafone Group, to the Bank of England’s Court of Directors.
“I am delighted that two of our leading business figures have agreed to bring their considerable skills and experience to the Bank’s Court,” said Chancellor Gordon Brown. “I am confident they will make an outstanding contribution and help further strengthen the effectiveness of one of the nation’s most important institutions”.
These appointments are for a three year period effective from June 1, 2005. They are being made in place of Kathleen O’Donovan and Brigid Blow, who are leaving the Court after serving two full terms.