New DECC Permanent Secretary

After much political coming and goings, Stephen Lovegrove has been appointed as the new Permanent Secretary at the Department of Energy and Climate Change.

The PM intervened to block the original appointment of the CEO of the Climate Change Committee, in a move seen as pandering to his anti-green back benchers.

Much is made of his commercial, if not his energy experience. 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.”

His CV includes:

Stephen is currently Chief Executive at the Shareholder Executive, a role he has had since June 2007. He joined the Shareholder Executive in April 2004.

Prior to that, Stephen spent 10 years at Deutsche Bank, where he was the head of the European media team. During that time, he worked on a wide range of capital raisings, acquisitions and divestments in all the sub-sectors of the media industry. Before working in the City, Stephen spent 5 years as a strategic consultant.

Stephen was actively involved in the London 2012 Olympics, having been a Board member of The London Organising Committee of the Olympic Games and Paralympic Games. He is a Trustee of the Charities Aid Foundation.
Phil Wynn Owen is currently acting Permanent Secretary and Accounting Officer for DECC.

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