LORD Smith of Kelvin has been appointed chairman of economic development agency Scottish Enterprise, and will receive £44,520-a-year for a time commitment of up to 1.75 days per week, writes Ian McConnell.
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His appointment runs until July 31, 2022. He took up the role on Thursday.
Financial services industry veteran Willie Mackie has been interim chairman of Scottish Enterprise, with oil services industry entrepreneur Bob Keiller having stepped down from the role at the end of 2018 after a three-year term.
Chartered accountant Lord Smith is chairman of Alliance Trust, British Business Bank, engineering company IMI, Forth Ports, and Clyde Gateway, and chancellor of the University of Strathclyde.
He is a past chairman of engineering company Weir Group and Scottish Hydro-Electric owner SSE. In 2014, he chaired the organising committee for the Glasgow Commonwealth Games, and the Smith Commission on further powers for the Scottish Parliament.
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Cabinet Secretary for Finance, Economy and Fair Work Derek Mackay said: “Scottish Enterprise plays a vital role in helping to place Scotland’s economy on an upward trajectory, and I know that Lord Smith’s wealth of experience will help ensure the organisation continues to thrive as they embark on their new programme of...change.”
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