Sir Terry Leahy, chief executive of Tesco, has been appointed onto a new International Business Advisory Council set up to advise the government on how the UK can attract more investment from international companies.
Sir Terry will be a member of the council of 12 business leaders that, over the course of the next three years, will advise the government on how to respond to the challenges and opportunities of globalisation.
Other members of the council include Lee Scott, president and chief executive officer of Wal-Mart, and Dr Jean-Pierre Garnier, chief executive officer of GlaxoSmithKline.
Sir Terry said: "I'm delighted to be serving British business in such a strong line-up of leaders. Making sure Britain stays ahead in the global economy is vital for us all in this country, now and in the future."
The CBI gave a cautious welcome to the council. Sir Digby Jones, director general of the CBI, said: "On paper this is an eminently sensible idea to help Britain compete internationally. But the opportunity must not be wasted and the practical test will be whether the advice of these 'wise men' is acted on."