HISTORIC PRESS RELEASE : Chairman designate for Partnerships UK [December 1999]

The press release issued by HM Treasury on 7 December 1999.

Derek Higgs is to be Chairman Designate of Partnerships (PUK), Andrew Smith, Chief Secretary to the Treasury announced today. Adrian Montague will be Deputy Chairman Designate.

PUK will be a company with a majority of its shares held in the private sector. The appointment of a Chairman and Deputy Chairman will be a matter for its shareholders. These shareholders are expected to be in place in Spring 2000. The Chairman Designate and Deputy Chairman Designate will participate in the precess of establishing PUK.

Speaking at a conference in London, Andrew Smith said:

“Derek and Adrian are a strong and complementary team. Derek is highly respected in the City and in the wider business community. Adrian has led the Treasury Taskforce with distinction and is highly regarded in the public sector.”