P&O has announced the appointment of John Parker to become the group's next chairman.
As previously announced, outgoing chairman Lord Sterling will be standing down after P&O’s AGM in May 2005. Parker will join the Board, as deputy chairman, in February 2005.
Parker is Chairman of National Grid Transco plc. He is also currently chairman of RMC Group, although he will be standing down from this position in January 2005 following the agreed acquisition of RMC by the Mexican company Cemex.
He is also senior non-executive director designate of the Court of the Bank of England and a non-executive director of Carnival plc.
Parker's previous appointments have included a spell as chairman and chief executive of Harland & Wolff.