Tesco Chair Proposed as President of CBI to Help Brexit Talks

Photo via Tesco Plc

This week, the chairman of Tesco will be nominated as the next head of the biggest employers’ group of Britain with a mandate to help steer it through the exit of the United Kingdom from the European Union.

Reported has discovered that a meeting of the chairs’ committee of the CBI that is scheduled to take place on Tuesday, is anticipated to formally propose John Allan as the next president of the lobbying group.

If ratified by the members of the CBI during its annual meeting that is scheduled some time in June, Allan would take over the position Paul Drechsler for a two-year term that will be expiring in the summer of 2020.

The chairman of Tesco is also the chairman of Barratt Developments, a housebuilder. He became the vice-president of the CBI in 2017.

The business lobbying group of the capital, London First, is currently in the process of identifying the successor of Allan as its chairman.

Some sources said that Drechsler is anticipated to revert to the vice-presidency of the  CBI when Allan takes over, re-establishing the traditional governance structure of the organisation.

Drechsler is serving an unusual third year at the business lobby group, arranged in 2017 as the CBI tried to make sure that a degree of continuity through the first phase of the negotiations regarding Brexit.

The CBI has opposed the departure of the United Kingdom from the European Union consistently. However, it is not seeking a second referendum. Instead, it is focusing its efforts on avoiding a hard Brexit.

Last week, its director-general, Carolyn Fairbairn, called the transition deal that was agreed between the EU27 and the United Kingdom “a victory for common sense that will help protect living standards, jobs and growth.”

However, Fairbairn warned that a sustained willingness to compromise was important, “as tough choices lie ahead on the route to a final deal.”

The‎ CBI has 190,000 members that encompass businesses of all sizes. It found itself at the centre of a political turmoil when it strongly lobbied in favour of the Remain campaign.

However, the domestic agenda of the organisation is also critically vital to its membership, with executives of the CBI recently urging a radical reform of the Apprenticeship Levy of the Government.

The CBI refused to issue a comment on Sunday.