He is expected to replace Peter Berring in the role following the annual conference.
Colin Campbell, head of risk management at the Arcadia Group, has become deputy chairman. He replaces Geoff Lingham, who has held the post for more than two years and is standing down because of work commitments. Lingham remains on Council.
Second deputy chairman will be Julia Graham, chief risk officer at the law firm DLA Piper who will take up her position in June.