announced the appointment of Michael Pickard as its new chairman.
Chairman of London Docklands Development Corporation and an LFC board
member, Sir Michael succeeds Colin Marshall, who has chaired the
175 companies from 18 countries around the world to locate or expand
Sir Michael's appointment comes as a result of Sir Colin accepting
the chairmanship of the new London Development Partnership (LDP), the
body that will help prepare the economic strategy for the proposed
Mayor of London.
Sir Colin, who is also chairman of British Airways and president of
the Confederation of British Industry, said: 'Sir Michael has a
strong track record as a leading ambassador for London and one of
Britain's foremost business entrepreneurs. His outstanding
achievements in attracting investment and prosperity to the Docklands
area reflect the highest commitment and vision.'
Sir Michael said: 'I am delighted to be given the opportunity of
chairing this dynamic and extremely effective organisation, which has
been very successful, not only in attracting significant levels of
inward investment to the capital, but also in brokering and driving
valuable partnerships between the public and private sectors.
'This is a decisive time for the future governance and economic
development of London. The government has stated that the new London
Development Agency will build on the work of London First Centre. Our
task now will be to ensure that the momentum gained over the past
four years is maintained and increased.'
Sir Michael's appointment was announced after a meeting of the London
First Centre Board, which was attended by board of trade president Margaret Beckett. The meeting was followed by a discussion led by Mrs Beckett on issues relating to the Labour Yes Campaign, which is urging Londoners to vote in favour of a mayor and assembly for London in the 7 May referendum.
1. Michael Pickard has been chairman of LDDC for six years since
1992. The corporation will complete its role on 3O June 1998.
Seventy-five per cent of the new£7.5bn private sector
investment in the Docklands area has been generated
internationally. Sir Michael has had a number of top business
appointments, including managing director of Trusthouse Forte,
executive chairman of Courage and Chief Executive of Sears.
2. London First Centre is a private and public sector partnership
funded by 300 companies through its parent company London First,
the Invest in Britain Bureau (part of the Department of Trade and
Industry), and local partners, including the Corporation of
London, City of Westminster and LLDC.
3. The London Development Partnership, chaired by Colin Marshall,
is represented by a range of London's interests, including
business, local government, higher and further education, trade
unions, tourism, training and voluntary organisations.