Mark Fox, director of communications and public affairs at the British Private Equity and Venture Capital Association for the last six years, has resigned his post to become chief executive at another industry body for UK business, the Business Services Association.
His decision comes only eight weeks after the BVCA’s chief executive Peter Linthwaite resigned having taken the blame for the industry body’s much criticised appearance in front of the parliamentary select committee examining private equity.
The industry’s communications strategy came under heavy fire from MPs in the hearing.
Fox will leave the organization at the end of October, according to a BVCA spokesman. He assumes his new role on 1 December.
Although no permanent replacement has been found for the role of chief executive in the last two months, BVCA chairman Wol Kolade said in a statement: “Although a search for a replacement for Linthwaite is under way, it is likely to be some months before a suitable candidate is chosen.”
Fox told PEO the BVCA was having no trouble finding a replacement chief executive. “We have a very good list,” he said.
The BSA represents 16 member companies with a combined annual turnover of over £20 billion. Its member companies employ over 600,000 people.