Mark Price, the former Chief Executive of Waitrose, is to take on the trade role which was held by the retiring Francis Maude. Price has also been elevated to the Peerage.
In a statement a Government spokesman said:
“The Queen has been pleased to approve the appointment of Mark Ian Price CVO as a Minister of State jointly at the Foreign and Commonwealth Office (FCO) and the Department for Business, Innovation and Skills (BIS) (Minister for Trade and Investment). This will take effect from April 2016.
This follows the decision of the Rt Hon Lord Maude to resign from government with effect from mid-March 2016 after a career of public service spanning over 30 years. As well as contributing a huge amount in a variety of ministerial roles, since last May Lord Maude has successfully driven the strategic refocusing of UK Trade and Investment (UKTI)”.