THE Energy and Climate Change Department has welcomed a new addition.
Stephen Lovegrove has replaced Moira Wallce as Permanent Secretary and is expected to take his position from February 4.
The Oxford University graduate sat on the board of the Paralympics and Olympics organising committee and worked for Deutsche Bank for 10 years, where he was the head of the European media team.
He is currently Chief Executive at the Shareholder Executive, a role he has had since June 2007 after joining the Shareholder Executive in 2004.
Energy and Climate Change Secretary of State, Edward Davey, said: “This is an excellent appointment. Stephen’s proven commercial experience will be an invaluable addition to the Department’s capability.
“We need to attract billions in private sector investment to build new power stations and to upgrade the energy efficiency of the nation’s homes. Stephen and I worked together for nearly two years when I was a Minister at BIS, not least on the reform of Royal Mail, so I know he will be a huge asset to DECC.”
Mr Lovegrove said: “It is a great honor to be given the opportunity to lead the department at such an important time for Britain’s energy and climate change policy.
“Our sustainability, resilience and growth agendas need to advance together over the coming years, and DECC needs to be at the forefront, working closely with customers, industry and investors.
“My current role has already involved working with the many of the talented team at the Department, and I am absolutely delighted to be able to continue and intensify that effort on a broader front.”
The Head of the Civil Service, Sir Bob Kerslake, said: “I am delighted Stephen has been appointed as Permanent Secretary at the Department of Energy and Climate Change. His strong background of public and private sector experience, along with his ability to work across Whitehall, will be invaluable in delivering the Department’s innovative programmes."