New head of agency
Lord Smith takes on new role as chairman of Scottish Enterprise
New chairman: Lord Smith adds Scottish Enterprise to his portfolio
Lord Smith of Kelvin is the new chairman of Scottish Enterprise with the task of leading it through “transformational change”.
The post is for three years and he takes over immediately with a pay packet of £44,520 a year for up to 1.75 days per week.
The accountant and former investment banker is currently chairman of Alliance Trust, British Business Bank, IMI, Forth Ports and Clyde Gateway, and is Chancellor of the University of Strathclyde.
He was formerly chairman of engineering company Weir Group and energy firm SSE and led the Smith Commission inquiry into further powers of the Scottish parliament. He was chairman of the Organising Committee for Glasgow 2014 Commonwealth Games.
Finance Secretary Derek Mackay today confirmed the appointment, saying “Lord Smith’s wealth of experience will help ensure the organisation continues to thrive as they embark on their new programme of transformational change.
“I look forward to working together on our shared vision to increase Scotland’s export success, attract more investment and talent, and build a more economically vibrant country.”
I believe Scottish Enterprise is uniquely positioned to drive a fairer and more inclusive economy– Lord Smith
Lord Smith added: “This is an incredibly exciting time for the organisation following the publication of its ambitious new Strategic Framework and I am confident that my experience, both in business and the public sector boardroom, will help the committed and talented workforce to deliver for Scotland.
“I believe Scottish Enterprise is uniquely positioned to drive a fairer and more inclusive economy, one that will really help families and communities across the length and breadth of the country. I very much look forward to playing my part in helping to achieve that.”
Steve Dunlop, chief executive of Scottish Enterprise, said: “We are delighted to welcome Lord Smith of Kelvin as the new chair of Scottish Enterprise.
“Lord Smith’s appointment comes at a critical time not only for our organisation, but for the Scottish economy as we look to collaboratively drive a more inclusive economy that can deliver quality jobs for communities around the country.
“As one of the UK’s most experienced chairs, Lord Smith will bring vast experience, talent and credibility, and without doubt will help us realise our ambitions – the team at Scottish Enterprise is very much looking forward to working with him.”
Mr Dunlop added: “I would like to take this opportunity to thank Willie Mackie whose leadership has been incredibly valuable in helping set our transformation agenda.”
Lord Smith of Kelvin is one of the UK’s most experienced chairmen, having led organisations in the private, public and voluntary sectors. He chaired Weir Group until 2013 and SSE until 2015. In 2014, he chaired the Organising Committee for Glasgow 2014 (Commonwealth Games) and the Smith Commission on further powers for the Scottish Parliament.
A Chartered Accountant by profession and former President of the Institute of Chartered Accountants of Scotland, Lord Smith was knighted in 1999, appointed to the House of Lords as an independent cross-bench peer in 2008, appointed Knight of the Thistle in 2013, and awarded the Companion of Honour in 2016. He is currently chairman of Alliance Trust, British Business Bank, IMI, Forth Ports and Clyde Gateway, as well as Chancellor of the University of Strathclyde.
The appointment is regulated by the Ethical Standards Commissioner.