Heathrow Airport Holdings Ltd has announced that Lord Paul Deighton will succeed Sir Nigel Rudd as Chairman of the Board when he steps down later this year.
Lord Deighton’s breadth of experience in funding and delivering major projects is unrivalled. He is widely respected in the financial, infrastructure and political communities. Under Sir Nigel Rudd’s leadership, Heathrow has been transformed into one of the great airports of the world. Lord Deighton will guide Heathrow through its next phase of development, supporting Heathrow’s vision of giving passengers the best airport service in the world and preparing for the Government’s decision on airport expansion.
Following a very successful career at Goldman Sachs, Lord Deighton delivered the 2012 London Olympic Games to international acclaim as CEO of LOCOG (London Organising Committee of the Olympic Games), enhancing the UK’s reputation for infrastructure service delivery and generating national pride. Recently, as Commercial Secretary to the Treasury, Lord Deighton was responsible for the UK’s National Infrastructure Plan, focussing on getting major projects built, benefits captured, attracting capital into the UK from across the world and creating the right environment for continued infrastructure investment.
Commenting on his appointment, Lord Deighton said:
“Over the past decade, Heathrow has been transformed by £11bn of private investment into a world-class airport that Britain can be proud of. It is Britain’s front door – providing a warm welcome to visitors and connecting all parts of our island trading nation to the emerging and international markets of the world that fuel growth, create jobs and drive exports.
“I’m delighted to be joining a team with an ambition to give passengers the best airport service in the world and focussed on delivering the runway that will keep Britain at the heart of the global economy.”
Heathrow CEO John Holland-Kaye said:
“Lord Deighton’s experience is tailor made for Heathrow. He understands the importance of world class national infrastructure as well as delivering outstanding service. He has exactly the skills we need to develop Heathrow as the best connected and most sustainable airport in the world.
“I would like to thank and pay tribute to Sir Nigel and his great stewardship as Chairman over the last nine years, transforming Heathrow into one of the world’s great airports.”
Notes to editors:
Lord Paul Deighton’s early career was in a variety of banking and capital markets roles with Bank of America (1978 – 1980) and Security Pacific National Bank (1980 – 1983). He then spent 23 years at Goldman Sachs including leading the Transport & Aviation Group (1983 – 1996), heading European operations for Technology & Finance (1996 – 2000) and culminating as European Chief Operating Officer (2000 – 2006).
From 2006 – 2013, Lord Deighton oversaw the planning and delivery of the London Olympic Games as CEO of LOCOG, the London Organising Committee of the Olympic Games.
Most recently Lord Deighton was responsible for leading the implementation of the Government’s National Infrastructure Plan as the Commercial Secretary to the Treasury (2013 – 2015). He was made a member of the House of Lords in 2012.
Lord Deighton’s appointment follows Sir Nigel Rudd’s decision to stand down after nine years and three terms as Chairman of Heathrow during which time he oversaw an £11 billion investment programme which transformed Heathrow into a world-class airport. Sir Nigel will continue to remain committed to the future success of the airport.