Paul Myners leaving GMG to take government role

Paul Myners, the chairman of Guardian Media Group, is stepping down from the company to take a ministerial post in Gordon Brown's government. Myners, who has been GMG chairman for eight years, will be elevated to the peerage and become minister for the City. He leaves the company - which publishes the Guardian, the Observer and guardian.co.uk - to join the government after several public appointments, including carrying out a Treasury-commissioned review into institutional investment, a review into the governance of life companies, and chairing the Low Pay Commission. The 60-year-old is chairman of Land Securities Group plc and is also a member of Court of the Bank of England. He will shortly be stepping down from his role as chairman of the trustees of Tate. Carolyn McCall, the chief executive of GMG, said: "Paul has been a... [read full story]