UK Treasury to name Anthony Habgood chairman of Bank of England's board: Sky

[March 18, 2014]  (Reuters) — Britain's Treasury plans to name Anthony Habgood chairman of the Bank of England's board, its governing body, on Tuesday, Sky News reported on its website.

The broadcaster, without citing sources, said the Treasury would appoint Habgood to the position on Tuesday morning and replace David Lees, who has chaired the bank's board since 2009. (http://link.reuters.com/fet67v)

Habgood, the outgoing chairman of Costa Coffee owner Whitbread Plc <WTB.L> and a former chief executive of business supplies distributor Bunzl <BNZL.L>, is not a career banker. However, he was on the board of National Westminster Bank prior to its takeover by Royal Bank of Scotland <RBS.L> in 2000.

The Bank of England and the Treasury could not be reached for comment outside of regular business hours.

A source had told Reuters on Monday that Britain's finance ministry would name a new BoE deputy governor for monetary policy to replace Charlie Bean on Tuesday.

The bank's Governor Mark Carney is also set announce wide-ranging changes to its organization on Tuesday evening, including details of a separate new post of deputy governor responsible for markets and banking.

(Reporting by Richa Naidu in Bangalore; editing by Cynthia Osterman)

[© 2014 Thomson Reuters. All rights reserved.]

Copyright 2014 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.