THE chief executive of Shareholder Executive, the organisation that oversees the government’s billons of pounds of shareholdings in companies including Royal Mail, is to quit after five years at the helm.
Stephen Lovegrove, who has presided over key deals such as the government’s £4.4bn sale of British Energy to EDF, is to leave his role to become the new permanent secretary of the Department for Energy and Climate Change.
A spokesperson for the Department of Energy and Climate Change declined to comment but said the appointment of a new permanent secretary will be announced in the coming days. The story was first reported by Sky News. Lovegrove also sits on the board of the London Organising Committee of the Olympic Games and is a director-general of the Department for Business, Innovation and Skills.