Guardian Newspapers Limited 2000
Janine Gibson, Media Correspondent
Thursday January 27, 2000

Paul Myners was appointed chairman of the Guardian Media Group yesterday, replacing Lord Gavron who retires at the end of next month.

Mr Myners, 51, is the chairman of Gartmore Investment Management, the deputy chairman of PowerGen and an executive director of NatWest bank. His non-executive appointment to the GMG board begins on March 1.

Hugo Young, who has been re-elected chairman of the Scott Trust which owns GMG, said of Mr Myners: "The trust is very pleased to have found such an outstanding businessman, sympathetic to its unique purposes, to succeed Lord Gavron."

Bob Phillis, the chief executive of GMG, added: "Paul Myners has a wealth of business, financial and organisational experience which will be invaluable to the development of GMG."

Mr Myners said: "I am delighted to be joining a group which includes papers and magazines I admire and respect." He added that he was looking forward to defending the liberal and independent principles of the Scott Trust.

A graduate of the university of London, Mr Myners was a financial journalist for the Daily Telegraph until 1974 when he joined Rothschilds merchant bank. He joined Gartmore as chief executive in 1985 and was made chairman two years later.

He is a city disputes panellist, a member of the financial reporting council and chairman of the Lloyd's of London investment committee. His other positions include membership of the advisory boards of the London Symphony Orchestra and the Royal Academy Trust.

He is married with five children and he lives in London and Cornwall.