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Port of Tyne Appoints New Chair

19/07/2017

The Port of Tyne in North East England has appointed Lucy Armstrong as its new Chair.

Lucy Armstrong is Chief Executive of The Alchemists, a North East-based business consultancy which works with high growth mid-corporate businesses to accelerate their development and success by focussing on shareholder and management development and succession.

Lucy joined The Alchemists in 2003 after an early career in private equity, corporate development and headhunting with 3i plc, Courtaulds Textiles and Tyzack.

Her experience ranges from funding start-up and early stage manufacturing businesses in the North East through to mergers and disposals of international operations.

Bringing a wealth of boardroom experience, Lucy is Chair of the Enterprise Research Centre  Advisory Board, was the Chair of the CBI's national Small Business Forum from 2010-2013 and Acting Chair of Northumbria University until 2012.

"I am delighted to be joining the board at the Port of Tyne at this time of challenge and opportunity. It is a new and exciting role for me and I look forward to playing my part and helping to support the Port's future plans," says Lucy Armstrong.

The Port of Tyne recently invested £25 million in extending its deep-sea multifunctional berths at Riverside Quay and extensive new handling and storage facilities - part of the £300m Lynemouth Power Ltd project converting Lynemouth Power Station.

Andrew Moffat, Port of Tyne Chief Executive Officer, said: "We are delighted to welcome Lucy to the Board at a time when major investment in port infrastructure is providing the business with new opportunities to further grow and diversify."

(Source: Port of Tyne)