The Crown Estate has appointed Robin Budenberg to the position of Chairman with immediate effect.
Budenberg’s appointment follows the retirement of Stuart Hampson. He is currently London Chairman of Centerview Partners and a Non-Executive Director for Charity Bank and the Big Society Trust.
Budenberg is the former Chairman and Chief Executive of UK Financial Investments (UKFI), whose responsibilities include managing the Government’s shareholdings in The Royal Bank of Scotland Group and Lloyds Banking Group.
Robin Budenberg said: “I am honoured to take up the position of Chair at The Crown Estate. It is a business which sees the big picture and takes a long term approach to how it creates value to drive strong returns to the public finances. I very much look forward to working with the Board, Alison Nimmo, and her talented team to ensure it remains an outstanding UK success story.”
The Crown Estate is an independent commercial business, created by Act of Parliament that manages £12 billion UK’s property portfolio, including leasing the areas of the seabed and managing the associated seabed rights for wave and tidal energy projects.