Sir David Lees appointed to Bank governing board

Sir David Lees has been appointed to the Chair of the Court, the governing board of the Bank of England.

Sir David will succeed Sir John Parker in the role for a period of three years starting in June 2009.

He is currently chairman of Tate and Lyle, a position he has held since 1998, and has also ben deputy chairman of QinetiQ since 2005.

QinetiQ is an international defence technology in which the Ministry of Defence had a stake.

It was subject to much controversy as a result of the flotation of the company on the stock market in 2006.