CBI director-general Richard Lambert to step down in 2011

The director-general of the CBI, Richard Lambert, has announced that he will step down in 2011 when his five-year term ends.

Lambert, who took over from Sir Digby Jones as head of the CBI in 2006, will retire from the employers’ organisation in early 2011.

“Now is the right time in the political and economic cycle for me to hand over to a new director-general,” Lambert said.

“The CBI is in good shape, with much to do on behalf of its members. The new government is in place, and is generating a huge range of policy issues, which the CBI is getting stuck into. And the economy is moving into a new phase, in which business investment and trade will be the essential engines of recovery.”

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Lambert, a former editor of the Financial Times, added: “I have no definite plans at the moment, but will be looking for interesting things to do.”

The CBI has appointed executive search specialists Saxton Bampfylde to look for a new director-general