mynersPaul Myners, a former Labour Party politico, quit his chairman job at Huntsworth after a six-month tour of duty.

The company claims the exit is due to Myners' unwillingness to commit to the time required to carry out his role at Huntsworth.

CEO Peter Chadlington, 72, announced in August his plan to step down.

Myners was financial services secretary in Gordon Browns's government.

He served as CEO of investment fund manager Gartmore Group and chairman of Guardian Media Group.

Chadlington is a friend of Prime Minister David Cameron.

Huntsworth, which is parent of Grayling, says it will name a new chairman as soon as possible.