Forfas chief Martin Shanahan to replace O'Leary at IDA
Martin Shanahan has been appointed as chief executive of the IDA.
The 41-year-old has been the head of Forfas since 2010. Forfas advises the Government on policy in relation to enterprise, trade, science, technology and innovation.
He is expected to take up his €168,000-a-year role in August.
He will replace IDA veteran Barry O'Leary who previously announced his plans to step down.
The IDA has 254 staff and 19 offices, mostly outside Ireland. At Forfas, Mr Shanahan was heavily involved in coordinating the Government's inter-agency Action Plan for Jobs.
He is a member of the Board of Forfas, the National Competitiveness Council and the Expert Group on Future Skills Needs. Before joining Forfas he worked with Failte Ireland and CERT.
Minister for Jobs, Enterprise and Innovation Richard Bruton welcomed the appointment of Mr Shanahan to the key post.
He said: "Martin Shanahan is a senior executive of the highest calibre, with drive, energy and an impressive range of experience in both private and public sector. As CEO of Forfas he has been instrumental in driving the Action Plan for Jobs process, which has been crucial in restoring our competitiveness and supporting jobs growth."
Since the crash in particular the IDA has been at the forefront of the Government's jobs policy and foreign investment is now running at record levels.
Mr Shanahan holds masters degrees from Lancaster University, and the Dublin Institute of Technology and a Bachelor of Science (Mgmt) from Trinity College Dublin.