Rupert L. Pennant-Rea

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Rupert L. Pennant-Rea  link Sourcewatch (Economist, central banker, editor, businessman)
File:Rupert L. Pennant-Rea.png
Born	Rupert Lascelles Pennant-Rea 23 January 1948
Nationality	British
Alma mater	Peterhouse Boys' School, Trinity College (Dublin), Manchester University
Parents	Peter Athelwold Pennant-Rea, Pauline Elizabeth Pennant-Rea
Children	3
Spouse	Helen Jay
UK businessman and central banker who attended the 1989 Bilderberg as Editor of The Economist

Rupert Lascelles Pennant-Rea is a UK businessman and central banker, who as Editor of the Economist introduced the discussion on Greater Political And Monetary Union Of Europe: European Sovereignty? at the 1989 Bilderberg.

Background

He is son of aeronautical engineer Peter Athelwold Pennant-Rea (1914-2007), MBE, at one time head of Rhodesian civil aviation, and Pauline Elizabeth, daughter of L. E. Creasy,

Education

He was educated at the Peterhouse Boys' School, an [[Anglican] church boarding school in Rhodesia before attending Trinity College, Dublin, and Manchester University, where he received his MA degree.

Career

Pennant-Rea joined the Bank of England in 1973 and remained until 1977, when he left to work for the Rothschild's The Economist magazine. He was the magazine's editor from 1986 until 1993.

Between 1993 and 1995, he again joined the Bank of England as Deputy Governor of the bank, under the governorship of Edward George. He resigned following reports of an extramarital affair with the Irish-US journalist Mary Ellen Synon.^{[More to the story?]}

In 1994 he became a member of the influential Washington-based Group of Thirty.

In 1995 he became a director of a Canadian mining company, Sherritt International. 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.

Pennant-Rea was chairman of The Stationery Office following its privatisation in 1996. He was a British American Tobacco director from 1998 to 2007. He was also Chairman of Henderson Group, and a non-executive director of several companies such as Go-Ahead Group, a transport company, First Quantum Minerals and Gold Fields, both mining companies.

In July 2009, Pennant-Rea was appointed non-executive chairman of The Economist Group, having been a non-executive director since August 2006. In July 2018, after nine years, he was succeeded by Paul Deighton. He was chairman at Royal London, and Chairman of PGI, an agriculture company. He was a National Independent director of Times Newspapers.

Since retiring from Royal London in 2019, Pennant-Rea has been an investor and board member of start-ups related to greenhouse gas reduction such as Cloud-Cycle.

In the non-profit sector, Pennant-Rea was a trustee of the Marjorie Deane Foundation. He was a trustee of Speakers Trust, a UK public-speaking training charity and Chairman of the Shakespeare Schools Festival. Pennant-Rea has written several books about economics and a novel, Gold Foil.

Family

He is married and has three children and one step-daughter. At one time his wife was Helen Jay, one of the twin daughters of Labour Party politicians Peggy Jay and Douglas Jay.

References

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