Michael Rake

Sir Michael Derek Vaughan Rake (born 17 January 1948) is a British businessman, former chairman of BT Group, former chairman of Worldpay and a director of S&P Global. He served as president of the CBI from 2013 until 2015.[1] He was appointed to the board of Huawei Technologies UK on 14 April 2020, having worked as an advisor for the company since 1 January 2019.[2]

Sir Michael Rake
Sir Michael Rake at the World Economic Forum on Europe and Central Asia held in Vienna, Austria, 8 June 2011
Born
Michael Derek Vaughan Rake

(1948-01-17) 17 January 1948
Rugby, Warwickshire, England
NationalityBritish
Occupation(s)Chairman, Great Ormond Street Hospital
Spouse(s)Julia Cook (1970)
Caroline Thomas (1986)
Children4
Parent(s)Derek Shannon Vaughan Rake
Rosamond Barrett

Early life

Rake was born in Rugby on 17 January 1948, the son of Group Captain Derek Shannon Vaughan Rake OBE AFC and Bar[3] and Rosamond née Barrett. He went to prep school in Devon, followed by Wellington College.[4] He qualified as a chartered accountant.

Career

He joined KPMG in 1974, and worked in continental Europe before transferring to the Middle East to run the practice for three years in 1986. He transferred to London in 1989, became a member of the UK board in 1991, had a number of leadership roles in the UK before being elected UK Senior Partner in 1998. He was Chairman of KPMG in Europe and Senior Partner of KPMG in the United Kingdom, prior to his appointment as chairman of KPMG International in May 2002, in which capacity he served till September 2007.[5]

Board positions

Rake was chairman of Business in the Community from 2004 to 2007 and a member of the board of the Prince of Wales International Business Leaders Forum between 1998 and 2007.[6] He was chairman of easyJet from 2010 to April 2013.[7]

Rake is a vice president of the RNIB, a member of the board of the TransAtlantic Business Dialogue, the Chartered Management Institute, the DTI's US/UK Regulatory Taskforce, the Advisory Council for Business for New Europe, the Ethnic Minority Employment Taskforce, an Association Member of BUPA, The School of Oriental and African Studies advisory board, the advisory board of the Judge Institute at the University of Cambridge, Senior Adviser for Chatham House and the Global Advisory Board of the Oxford University Centre for Corporate Reputation. Rake is also a governor of Wellington College and a board member of Guards Polo Club. Rake was on the board of Barclays from 2008 to December 2015; he was promoted to deputy chairman in 2012, but turned down the offer to become chairman.[8][9]

As of 2013, Rake was a trustee of The Prince of Wales's Charitable Foundation.[10] He was president of the CBI from June 2013 to July 2015.[11][12]

Rake was appointed Chairman of Great Ormond Street Hospital in 2017.[13][14]

Personal life

He is married with four children and five stepchildren, and was knighted in 2007.[15] Rake donated £5,000 to Ed Davey's 2020 Liberal Democrats leadership election campaign.[16]

Honors

References
  1. "Michael Rake Profile". Forbes. Archived from the original on 27 March 2009. Retrieved 8 August 2009.
  2. "Huawei Technologies UK appoints Sir Michael Rake to its board".
  3. "Issue 42051" (PDF). The London Gazette. 11 June 1960. p. 4007. Retrieved 13 June 2023.
  4. "Business profile". The Daily Telegraph. 25 February 2007. Retrieved 7 December 2012.
  5. "Michael Derek Vaughan Rake worked in KPMG till 2007". Flixens.com. Retrieved 22 July 2016.
  6. "Chairman Mentors International - Board Mentor Sir Michael Rake". Chairmanmentors.com. Retrieved 21 July 2017.
  7. "Board of directors - easyJet PLC". Archived from the original on 2 May 2012. Retrieved 22 April 2012.
  8. "Barclays chairmanship turned down by Sir Michael Rake". BBC News. 23 July 2012. Retrieved 17 March 2016.
  9. Wallace, Tim (15 July 2015). "Sir Mike Rake to leave Barclays". The Telegraph. Retrieved 21 July 2017.
  10. "About The Prince of Wales's Charitable Foundation". The Prince of Wales's Charitable Foundation. Archived from the original on 24 March 2016. Retrieved 17 March 2016.
  11. Harrington, Ben. "Sir Mike Rake named head of the CBI". The Daily Telegraph. Retrieved 17 March 2016.
  12. "CBI welcomes Paul Drechsler as new President - CBI". News.cbi.org.uk. 13 July 2015. Retrieved 21 July 2017.
  13. "Sir Michael Rake appointed Chairman of Great Ormond Street Hospital for Children NHS Foundation Trust". gosh.nhs.uk. Retrieved 21 June 2019.
  14. "NewDay announces appointment of Sir Michael Rake as Chairman". New Day. Retrieved 21 June 2019.
  15. Meyer, David (19 February 2007). "Rake to succeed Bland at BT helm". ZDNet. Retrieved 21 February 2014.
  16. "Ed Davey: Register of Members' Interests". TheyWorkForYou. Retrieved 7 July 2020.
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