Competition and Markets Authority

Vince Cable Excerpts

Tuesday 17th July 2012 Written Statements

[The Secretary of State for Business, Innovation and Skills (Vince Cable)]

I have decided to appoint Lord Currie as the chair-designate to the Competition and Markets Authority.

Lord Currie will commence his appointment in the summer which will be for an initial period of four years. His appointment as chairman will be subject to the Enterprise and Regulatory Reform Bill receiving Royal Assent and to scrutiny by the BIS Select Committee.

The appointment has been made in accordance with the Commissioner for Public Appointments’ code of practice (April 2012).

Lord Currie was chair of Ofcom from its inception in 2002 until 2009, dean of Cass Business School from 2001 until 2008 and before that deputy dean at London Business School.

He is currently chair of the International Centre for Financial Regulation and board member of Dubai Financial Services Authority. Lord Currie also holds a number of non-executive roles spanning academia, Government and the voluntary sector and sits as a cross-bencher in the House of Lords.

Lord Currie will be stepping down from his current non-executive directorships of Royal Mail, IG Group and BDO.