Economy
Sir Adrian Montague to leave Green Investment Bank in April
Former chairman of nuclear firm British Energy, Sir Adrian Montague, will step down from his role as deputy chair of the Green Investment Bank (GIB) in April this year.
The decision, announced by the Department for Business Innovation and Skills (BIS) this morning, comes less than 10 months after he was appointed as one of the £3 billion GIB’s top directors.
Sir Adrian was previously chair of the GIB advisory panel – the group that guided the formation of the public limited company.
“Sir Adrian has been a key architect of the Green Investment Bank, both as a committed chair of the advisory group and active deputy chair of UK Green Investment Bank plc”, said business secretary Vince Cable, who cut the GIB’s ribbon in November.
“His advice has been invaluable and he has been a major force in getting the GIB up and running.”
Sir Adrian was appointed alongside chair Lord Smith of Kelvin in May last year, and oversaw the bank’s move into its Edinburgh office in August, as well as being influential in setting up its first few investments.
Shaun Kingsbury, Robert Mansley and Peter Knott have since joined as chief executive, managing director and chief risk officer respectively. BIS confirmed that it was now on the lookout for Sir Adrian’s replacement.
Further reading:
CEO appointed as Green Investment Bank nears green light
Autumn statement pulls Green Investment Bank’s borrowing power into question