Rupert Pennant-Rea

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Rupert Pennant-Rea
Born
Rupert Lascelles Pennant-Rea

(1948-01-23) 23 January 1948 (age 70)
NationalityBritish
EducationPeterhouse Boys' School
Alma mater
OccupationEconomist, businessman, journalist
Spouse(s)Cinzia De Santis
Children4
Parent(s)
  • Peter Pennant-Rea (father)
  • Pauline Pennant-Rea (mother)

Rupert Lascelles Pennant-Rea (born 23 January 1948) is a British businessman, journalist, and former Deputy Governor of the Bank of England. He was Editor and later Chairman of The Economist Group.

Early life[edit]

The son of Peter Athelwold and Pauline Pennant-Rea, he was educated at the Peterhouse Boys' School, an Anglican church boarding school near Marandellas, Rhodesia (now Marondera, Zimbabwe),[citation needed] before attending Trinity College, Dublin,[1] and Manchester University,[1] where he received his MA degree. He is married and has 3 children from previous marriages and one step-daughter.

Career[edit]

Pennant-Rea joined the Bank of England in 1973 and remained until 1977, when he left to work for The Economist magazine.[1] He was the magazine's editor from 1986 until 1993.[2] Between 1993 and 1995, he again joined the Bank of England as Deputy Governor of the bank, under the governorship of Edward George.[1] In 1994 he became a member of the influential Washington-based financial advisory body, the Group of Thirty.

In 1995 he became a director of a Canadian mining company, Sherritt International.[citation needed]. In March 1996, he was banned from the USA (along with his wife at the time and under-age children) because of Sherritt's commercial interests in Cuba, under the terms of the USA's Helms-Burton Act.[citation needed].

Pennant-Rea was chairman of the British company Stationery Office following its privatisation in 1996.[3] Pennant-Rea was a British American Tobacco director from 1998-2007.[citation needed]. He was also Chairman of Henderson Group and a non-executive director of Go-Ahead Group, a transport company, First Quantum and Gold Fields, both mining companies.

In July 2009, Pennant-Rea was appointed non-executive chairman of The Economist Group, having served as a non-executive director since August 2006.[citation needed]. In July 2018, after 9 years, he was succeeded by Paul Deighton. He is Chairman of Royal London,[4] Chairman of PGI, an agriculture company, and a National Independent director of the Times Newspapers.[5]

In the non-profit sector, Pennant-Rea is a trustee of the Marjorie Deane Foundation, the Wincott Foundation and the Speakers Trust,[6] the UK's leading public-speaking training charity. He was Chairman of the Shakespeare Schools Festival and is currently Chairman of Healing Venezuela.[7] Pennant-Rea has written a series of books about economics and a novel, Gold Foil.[citation needed]

Preceded by
Andrew Knight
Editor of The Economist
1986-1993
Succeeded by
Bill Emmott

References[edit]

  1. ^ a b c d "Rupert Pennant Rea". The Times. 5 May 2003. Retrieved 2018-12-03.
  2. ^ Tryhorn, Chris (22 June 2009). "Job cuts help lift Economist Group profits". The Guardian. Retrieved 13 May 2011.
  3. ^ Harrison, Michael (9 April 1999). "Stationery Office chiefs set for pounds 13m windfall". The Independent. Retrieved 2018-12-03.
  4. ^ "Royal London Announces New Chairman". London: Royal London. 13 December 2012. Retrieved 5 February 2014.
  5. ^ Greenslade, Roy (2 March 2011). "Another Murdoch joins The Times board - with a retired spy". The Guardian. Retrieved 13 May 2011.
  6. ^ Our Trustees
  7. ^ "Healing Venezuela a UK registered charity dedicated to sending medical supplies to Venezuela". Healing Venezuela. Retrieved 2018-12-12.