The man who has led Teesside's regeneration development for the last three years is leaving his position.
Stephen Catchpole, managing director of Tees Valley Unlimited (TVU) - Teesside’s Local Enterprise Partnership - will stand down at the end of the year.
He is taking up a new role as chief executive with Coventry and Warwickshire Local Enterprise Partnership.
Mr Catchpole, pictured below, a trained solicitor, was appointed to the Teesside post in October 2010 and had previously spearheaded the urban transformation of Wolverhampton as chief executive of the Wolverhampton Development Company.
Under his leadership, TVU – one of the first LEPs in the country to gain Government approval in 2010 – has overseen schemes to create thousands of jobs in the area, boost skills and drive investment.
Teesside’s successful Enterprise Zone, among the first to be given green lighted by the Government in 2011, has to date attracted 12 projects levering in more than £440m of private sector investment that will generate 317 local jobs.
Catchpole said: “I have enormous pride in what TVU and our partners have achieved in my time here and move onto a new position with the confidence that firm foundations are set for ongoing Tees Valley growth and success.”
TVU confirmed it had started the recruitment process for a replacement.