Tech City CEO Joanna Shields moves up to chairman and takes on London Stock Exchange role
The appointment of the ex-Facebook exec to head the UK's investment group for technology was seen as a big win for the PM
Friday 17 January 2014
Joanna Shields is stepping down as CEO of Tech City UK and taking a role on the board of the London Stock Exchange.
Shields was appointed to head the Government’s flagship technology investment vehicle in October 2012, leaving her role as Facebook’s head of Europe to take the position. The American's appointment was seen as a coup for the Government at the time.
She announced today that she was changing roles, to be replaced by Gerard Grech, BlackBerry's current global head of marketing while she becomes chairman.
It was also announced today that Shields is taking up a non-executive director position at the London Stock Exchange. Sherry Coutu, chair of Silicon Valley comes to the UK, is also becoming a non-exec as the LSE looks to increase its tech expertise.
Shields, who was awarded an OBE in the New Year's Honours list, said: "The Government has created a policy landscape that’s transformed the UK’s start-up scene. Our goal now is to build on these foundations and help growth-stage businesses scale rapidly and generate jobs.
"I will continue to champion the UK’s digital industry as chairman of Tech City UK and in my role as business ambassador."
Tech City UK said Shields would still play a "lead strategic role" at the organization, which was set up by the Government three years ago to support Britain’s technology sector. It also confirmed that Shields would receive no pay for her role as chairman.
As well as experience at BlackBerry, Grech, who will take up the role on3 February, has worked at Nokia and Orange.
Shields said of Grech: "He is an East London resident who’s had a front row seat in the evolution of web and mobile platforms over the past decade. He brings a strong combination of start-up and corporate development knowledge to the team."
Oscar Pistorius trial: Paralympian sick again after photographs of Reeva Steenkamp's body are shown in court
Missing Malaysia Airlines Flight MH370: US pushes search towards vast expanse of the Indian Ocean
Seth Rogen compiles list of all the celebrities he’s got high with
Oscar Pistorius trial: Photographs of Paralympian splattered in blood shown in court
Missing Malaysia Airlines Flight MH370: Focus shifts west as Indian Ocean becomes latest search area for the aircraft and its passengers
Katie Hopkins continues campaign to become Britain's most hated talking head with poorly timed Bob Crow tweet
No EU referendum under Labour: Ed Miliband to reveal that vote on membership is ‘unlikely’ in next Parliament if party wins power
Grace Dent: Who cares if she spells it Barraco Barner? Gemma Worrall is more employable than some bookish arts graduate
Europeans have ‘got whiter’ due to natural selection in past 5,000 years, scientists say
Fracking is turning the US into a bigger oil producer than Saudi Arabia
The rise of Ukip: Study warns Labour that Eurosceptic party's electoral base now 'more working class than any of the main parties'
- 1 Is your name now 'banned' in Saudi Arabia?
- 2 Tony Benn meets Ali G: Watch Labour veteran burn Sacha Baron Cohen
- 3 Women do experience two different types of orgasm, study reveals
- 4 Istanbul protesters take 'Ellen selfie' from the back of a police van
- 5 Lady Gaga has struggled with eating disorders in the past, so it's indefensible that she's glamourising bulimia in her SXSW set
iJobs Money & Business
£35000 - £43000 per annum + Bonus and Benefits: Harrington Starr: A global lea...
£50000 - £60000 per annum: Harrington Starr: Linux Systems Administrator - UNI...
£32000 - £36000 per annum + generous benefits: Pro-Recruitment Group: * TAX * ...
£37000 - £40000 per annum + £20000 benefits package: Pro-Recruitment Group: **...