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Investing.com -- Cressida Hogg, the chair of defence company BAE Systems (LON:BA), has been appointed as the next president of the Confederation of British Industry (CBI), the organization announced Wednesday.
Hogg will succeed Rupert Soames, a grandson of Winston Churchill who has had a lengthy career in British industry. She will assume the role on January 1.
In addition to her position at BAE Systems, Hogg serves on the board of the London Stock Exchange Group (LON:LSEG) and is a member of a public body that oversees takeovers of British listed companies.
"Whilst this is a challenging time for business, it is also one of opportunity," Hogg said in a statement.
"I look forward to working with the CBI team as we help government achieve our common objectives of making the UK a high-growth economy, attracting the investment needed to drive global competitiveness and increased productivity," she added.
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