Business secretary Vince Cable has announced the appointment of Paul Callaghan as chairman of One North East.

Callaghan starts work on 14 June to ensure continuity during the changeover period and will formally take over from the current Margaret Fay on 16th August. The appointment will run until 13th December 2012.

Callaghan is currently chairman of Leighton, the North East-based technology, software, media and communications group. He is also deputy chairman of One North East and a member of the North East Science and Industry Council.

Cable said: “I am delighted to appoint Paul Callaghan as the new Chair of One North East. Paul’s impressive experience and business acumen will make an important contribution to economic development in the North East.

“The future of RDAs is currently being reviewed but I believe that the North East of England is one region where business support through a regional agency is both necessary and appreciated.”

Minister for regional and local economic development Mark Prisk said: “Paul’s extensive knowledge of business across a range of sectors means he is well placed to guide ONE in targeting support where it will deliver the greatest benefits to the North East’s economy.

“Difficult times require strong leadership and I am confident that Paul will bring this to his new role at ONE.”

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