Tory backing casts doubt over Paul Walsh’s hopes to lead CBI
Fresh doubt has been cast on the future of the Confederation of British Industry (CBI), as a top candidate for its presidency faces renewed criticism.
Paul Walsh, the former chief executive of Diageo, first raised eyebrows last month when he signed a letter in the Telegraph endorsing Tory policies. At the time, he was widely seen as a likely successor to current CBI president Sir Mike Rake.
City PM first reported on Walsh's support for the Tories last month
Amid new reports that Walsh’s nomination has been postponed or cancelled, a CBI spokesperson told City PM the group has “made no announcement about its next president.”
“The CBI is a politically neutral organisation and its senior postholders will always act impartially,” they said.