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07/12/2005
Kingon appointed as head of inward investment agency
The next Chair of Invest Northern Ireland is Mr Stephen Kingon who will take over from Professor Fabian Monds.
Mr Kingon, a Managing Partner with PricewaterhouseCoopers (NI) and an existing Invest NI board member, will hold the post for three years.
Welcoming the appointment, Enterprise Minister Angela Smith said: "I am delighted that Mr Kingon has agreed to accept the post of Invest NI Chairman. He has extensive knowledge of Northern Ireland's economy and the challenges and opportunities it faces. He has an in-depth understanding of the global economic context within which Northern Ireland business must compete.
"Mr Kingon has the essential leadership qualities to enable Invest NI to build on its significant achievements to date. I am fully confident he will ensure that it continues to adapt to the rapidly changing global environment as it plays its part in assisting companies here to create a world class regional economy. I very much welcome PwC's agreement that Mr Kingon can take up this challenging position."
The Minister also recorded her thanks to outgoing Chair, Professor Fabian Monds: "Fabian has made a very significant contribution to the establishment and development of Invest NI during its early formative years. He has overseen the creation of the agency from three separate bodies, culminating in the move into a single headquarters, achieving considerable efficiencies. In this difficult economic period, Invest NI has performed very credibly, securing investment commitments of £1.5 billion and supporting the creation of over 9,000 new businesses."
Mr Kingon will take up his appointment on 1 January 2006 and will receive an annual remuneration of £38,355. He will shadow the current Chair until he takes up his formal appointment. The Chair is expected to devote at least four days per month to Invest NI business.
Mr Kingon retires as Managing Partner of PricewaterhouseCoopers in June 2007.
The appointment, which was subject to final approval by Prime Minister, has been made in accordance with the Office of the Commissioner for Public Appointments for Northern Ireland Code of Practice.
Public appointments are made on merit and political activity plays no part in the selection process. However, in accordance with the original Nolan recommendations, there is a requirement for the political activity of appointees (if any declared) to be published.
Mr Kingon has not carried out any political activity in the last five years.
(SP/MB)
Mr Kingon, a Managing Partner with PricewaterhouseCoopers (NI) and an existing Invest NI board member, will hold the post for three years.
Welcoming the appointment, Enterprise Minister Angela Smith said: "I am delighted that Mr Kingon has agreed to accept the post of Invest NI Chairman. He has extensive knowledge of Northern Ireland's economy and the challenges and opportunities it faces. He has an in-depth understanding of the global economic context within which Northern Ireland business must compete.
"Mr Kingon has the essential leadership qualities to enable Invest NI to build on its significant achievements to date. I am fully confident he will ensure that it continues to adapt to the rapidly changing global environment as it plays its part in assisting companies here to create a world class regional economy. I very much welcome PwC's agreement that Mr Kingon can take up this challenging position."
The Minister also recorded her thanks to outgoing Chair, Professor Fabian Monds: "Fabian has made a very significant contribution to the establishment and development of Invest NI during its early formative years. He has overseen the creation of the agency from three separate bodies, culminating in the move into a single headquarters, achieving considerable efficiencies. In this difficult economic period, Invest NI has performed very credibly, securing investment commitments of £1.5 billion and supporting the creation of over 9,000 new businesses."
Mr Kingon will take up his appointment on 1 January 2006 and will receive an annual remuneration of £38,355. He will shadow the current Chair until he takes up his formal appointment. The Chair is expected to devote at least four days per month to Invest NI business.
Mr Kingon retires as Managing Partner of PricewaterhouseCoopers in June 2007.
The appointment, which was subject to final approval by Prime Minister, has been made in accordance with the Office of the Commissioner for Public Appointments for Northern Ireland Code of Practice.
Public appointments are made on merit and political activity plays no part in the selection process. However, in accordance with the original Nolan recommendations, there is a requirement for the political activity of appointees (if any declared) to be published.
Mr Kingon has not carried out any political activity in the last five years.
(SP/MB)
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