Belfast Telegraph

Invest NI on the look out for new chair as Stephen Kingon resigns

By Staff Reporter

Invest NI chairman Stephen Kingon has resigned, it was announced yesterday.

The economic development agency will start advertising for a replacement for Mr Kingon later this week.

Enterprise Minister Arlene Foster praised Mr Kingon for his work since becoming chairman in 2006.

"Stephen Kingon has made a significant contribution to the success of Invest NI during a particularly challenging economic period. Throughout his term as chairman he has shown strong leadership in response to the economic downturn and the independent review of economic policy. I am grateful for his dedicated service over the past five years as a board member and chairman."

Mr Kingon's resignation comes before the end of his second term as Invest NI chairman.

The minister said: "Mr Kingon's decision to go now will allow the timely appointment of a new chairman to take forward the new economic strategy and the Northern Ireland Executive's new programme for government.

"It will also allow the new chairman to take ownership of Invest NI's four year corporate plan."