Lord Green has decided to step down as Chairman of TheCityUK's Advisory Council with immediate effect. His place is being taken by Sir Gerry Grimstone, Chairman of the TheCityUK's Board, whose term is about to conclude.
Sir Gerry said, “Stephen Green is a man of great personal integrity who has given huge service to his country and the City. He doesn't want to damage the effectiveness of TheCityUK in promoting good governance and doing the right thing so has decided to step aside from chairing our Advisory Council. This is entirely his own decision."
Sir Gerry will continue to serve as Chairman of the TheCityUK's Board until its AGM in September 2015. He has already announced his plan to step down as Chairman of the Board at that point.