ZCZC
BCN-20
BRITAIN-ECONOMY-BANK-BOE
London launches search for new Bank of England boss
LONDON, April 24, 2019 (BSS/AFP) – The British government on Wednesday
launched its search for the next governor of the Bank of England, with Mark
Carney due to step down early next year.
Finance minister Philip Hammond praised Carney as a “steady hand” who
steered the economy through “a challenging period” following Britain’s 2016
Brexit vote.
Canadian national Carney, 54, took up the post on July 1, 2013 and will
leave on January 31 next year, having extended his tenure twice due to Brexit
uncertainty.
“In today’s rapidly evolving economy the role of governor is more
important than ever,” said Hammond, whose official title is chancellor of the
exchequer.
“Finding a candidate with the right skills and experience to lead the Bank
of England is vital for ensuring the continuing strength of our economy and
for maintaining the UK’s position as a leading global financial centre.”
The Treasury said it will employ a specialist head hunter to find Carney’s
successor, with interviews expected over the summer ahead of an autumn
appointment.
The annual salary for the position stands at o480,000 ($622,400, 554,000
euros).
BSS/AFP/HR/1330