Infrastructure UK has quelled suspicions about its future by quickly appointing a new chief executive.
Treasury announced yesterday that Geoffrey Spence has been appointed to lead the planning body.
This is a return to government for Spence, who has also held roles in infrastructure finance with Deutsche Bank AG and HSBC.
The Infrastructure UK Advisory Council, chaired by Paul Skinner, will continue with its existing remit to act to support and guide the Treasury’s infrastructure work.
Skinner said the challenges to UK Infrastructure would be great over coming years and was welcomed Spence’s experience.
“The UK faces an enormous challenge to build the infrastructure we need to underpin future UK growth and competitiveness,” he said.
Spence replaces acting chief executive Andy Rose who is leaving Treasury for a role at boutique financial advisors AgFe.