The UK government has appointed Alan Lovell as Chairman of British Steel. Having taken up the role with immediate effect, Lovell will work alongside the company’s board, senior management and the government to help shape British Steel’s future.
Lovell began his career at PwC and trained as an accountant before serving as finance director at several companies. He later held CEO positions at six companies operating in the renewable energy and construction sectors, including Infinis, Tamar Energy and Costain Group.
Lovell has also served as an independent board member and chairman at companies and organisations including Interserve Group, Lloyd’s of London, SIG and the Consumer Council for Water. He has been Chair of the UK Environment Agency since September 2022 and will continue in that position alongside his new responsibilities at British Steel until December 2026.
UK Business and Trade Secretary Jonathan Reynolds said Lovell would bring significant experience to British Steel at a critical time for the company. Highlighting Lovell’s experience in managing major transformation processes, Reynolds said he was confident that Lovell would work closely with the company’s employees, board and local communities.
Reynolds also recalled the government’s intervention to secure the future of British Steel, noting that the move was aimed not only at protecting a single company but also at safeguarding the industries, skills and communities needed to support the UK’s reindustrialisation.
Alan Lovell said he was honoured to take on the role at an important time for British Steel. He noted that the steel produced by the company is vital to the UK’s defence, infrastructure and construction sectors, adding that the goal is to build a sustainable business capable of meeting the country’s long-term steel needs.
British Steel said further appointments to its board will be announced in due course.
Comments
No comment yet.