Penelope Ann Lyttelton, Viscountess Cobham, CBE (née Cooper; born 2 January 1954), is a British businesswoman known for her involvement in a number of quangos (an acronym for quasi-autonomous non-governmental organisations).

[2][3] In 1994, both Cobham and Mellor made public announcements describing that they had developed a close relationship with one another and intended to divorce their existing spouses.

[4] During her marriage, to make enough money to maintain and conserve Hagley Hall, Cobham developed a corporate entertainment and catering business.

Cobham was later on the boards of the Victoria and Albert Museum, British Waterways, and London Docklands Development Corporation.

[7][8] She was deputy chairman of Pagefield Communications, an adviser to Citi Private Bank, Farrer & Co, Ernst & Young, and on the council for the National Trust.