The next Director of the London School of Economics and Political Science will be Howard Davies.
The School's Court of Governors formally approved the appointment at a meeting this evening [Thursday 12 December].
He will take over from current Director Professor Anthony Giddens from 1 October 2003, when Professor Giddens will step down.
Chair of the Court of Governors Lord Grabiner QC said: 'We are delighted to make this appointment. Howard Davies is the right choice to build on the tremendous work of Anthony Giddens and further the School's reputation for social science teaching and research excellence.'
Professor Anthony Giddens said: 'LSE attracts the brightest and best students and staff from all over the world. I have no doubt that Howard Davies will continue the tradition and reputation for academic excellence and challenging thinking which I have sought to enhance at the School. I wish him every success, in what is a wonderfully exciting job, when he takes up his appointment in October 2003.'
Contact Judith Higgin, LSE Press Office, on 020 7955 7582 or email: firstname.lastname@example.org
For comments on the announcement from Mervyn King, John Hills, Lord Saatchi, Lord Burns and HM Treasury, click here
To read press coverage on the announcement, click here
Howard Davies has been chairman of the Financial Services Authority since 1997. In May of that year he was asked to establish a single regulator for the UK's financial sector, merging nine separate organisations into one. In that role he represents the UK on the G7 Financial Stability Forum, the International Organisation of Securities Commissions and other international bodies.
From 1995-1997 he was deputy governor of the Bank of England. Before that, from 1992-95 he was director-general of the Confederation of British Industry and, from 1987-92, controller of the Audit Commission. He was also, for six years, a director of GKN plc and a member of the International Advisory Board of Natwest.
In his earlier career he worked in the Foreign and Commonwealth Office and HM Treasury, both as an official and as special adviser to the chancellor of the exchequer. And for five years he worked as a management consultant for McKinsey and Co Inc.
Howard Davies was educated at Manchester Grammar School and Merton College, where he took an MA in History and French. In 1979 he was awarded a Harkness Fellowship and in 1980 gained an MSc in management science at Stanford Graduate School of Business.
Throughout his career he has written widely for publication, reviewing fiction for the Literary Review and The Times, economics books for the Economist and The Times Higher Education Supplement (THES), among other publications. He has lectured extensively at home and overseas and is a regular participant in the World Economic Forum in Davos.
In 1993 he was deputy chairman of the Rowntree Committee Enquiry into the distribution of income and wealth, working with Professor John Hills of LSE.
He is chairman of the Employers Forum on Age, a charity committed to fighting age discrimination at work, and since earlier this year he has been a Trustee of the Tate.
Aged 51, he is married to Prue Keely, the editor of the World Tonight on BBC Radio 4. They have two sons and live in London and Dorset.
Since its foundation in 1895, the London School of Economics and Political Science (LSE) has been a 'laboratory of the social sciences'. Teaching and research are conducted through 18 departments and more than 30 research centres and institutes. LSE has over 7,000 full-time students and around 750 part-time students. Of these, 36 per cent come from the UK, 15 per cent from other European Union countries and 49 per cent from more than 120 countries worldwide. Around 48 per cent are women and 52 per cent are postgraduates. LSE was ranked second after Cambridge for the quality of its research in the most recent Research Assessment Exercise of UK universities. LSE submitted 97 per cent of its staff for assessment, more than any other UK university. Alumni and former staff include 13 Nobel Prize winners in Economics, Peace and Literature; around 28 past or present Heads of State, and more than 60 current UK MPs and peers.
Sociologist and 'third way thinker' Professor Giddens took up the post of Director in January 1997. Past LSE Directors have included Dr John Ashworth (1990-96), Dr IG Patel (1984-90), and Professor Lord Dahrendorf (1974-84).
A selection committee was appointed in 2002 to appoint the next Director. The committee was made up of academics and governors, with the post advertised in the national press, and nominations sought from students and staff. Working with the assistance of recruitment consultants, a long list, then a short list of candidates was compiled, followed by interviews. The formal appointment then had to be approved by the Court of Governors. The School thanks all those involved in the selection process for their hard work in making this appointment.
12 December 2002