Rupert Pennant-Rea

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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[]

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 has been married several times,^[2] and has three children and one step-daughter. At one time his wife was Helen Jay, one of the twin daughters of Labour Party politician Douglas Jay.^[3]

Career[]

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.^[4] Between 1993 and 1995, he again joined the Bank of England as Deputy Governor of the bank, under the governorship of Edward George;^[1] he resigned following reports of an extramarital affair with Mary Ellen Synon, whom he had met at Trinity College, Dublin.^[2]

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 British company The Stationery Office following its privatisation in 1996.^[5] He was a British American Tobacco director from 1998 to 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 nine years, he was succeeded by Paul Deighton. He was Chairman of Royal London,^[6] Chairman of PGI, an agriculture company. He was a National Independent director of Times Newspapers.^[7] Pennant-Rea recently became Chairman of a start-up, Learning with Experts https://www.learningwithexperts.com/, focused on life-long learning, CloudCycle https://www.cloudcycle.com/ and Origen Power https://www.origenpower.com/

In the non-profit sector, Pennant-Rea is a trustee of the Marjorie Deane Foundation, Chairman of Healing Venezuela.^[8]the Wincott Foundation. He was a trustee of Speakers Trust,^[9] the UK's leading public-speaking training charity and Chairman of the Shakespeare Schools Festival. Pennant-Rea has written a series of books about economics and a novel, Gold Foil.^{[citation needed]}

References[]