Bermudian Ross Webber has been named as the new chief executive officer of the Bermuda Business Development Agency (BDA).

Mr Webber will join the BDA from Government, where he is currently Permanent Secretary of the Ministry of Education and Economic Development, a role he has filled for two years.

He will move into his new post on Monday, August 4.

Caroline Foulger, chairman of the BDA board of directors, said: “We had keen interest in the CEO role from several strong local and international applicants. The selection process and interviews brought out the best in the candidates and we take great pleasure in naming Ross Webber to the position of chief executive officer of the BDA.

“Mr Webber has been involved with the BDA and its predecessor organisation the Bermuda Business Development Corporation since its formation in 2012 and he has been very involved in the launch and day-to-day operations of the BDA in his position as a member of the board of directors and as the Permanent Secretary for Education and Economic Development.”

Mrs Foulger added that Mr Webber had long been a supporter of Bermuda and Bermudian business.

“He worked with BIBA before serving as the global head of marketing and business development for Conyers Dill & Pearman,” Mrs Foulger said. “During this time Mr Webber gained significant experience working with Bermuda’s international business community promoting Bermuda overseas.

“He has extensive knowledge and expertise working across many of the sectors that the BDA is targeting today including the asset management, private wealth and offshore commerce sectors.”

Mr Webber has also worked in underwriting and business development roles with global insurers Ace and AIG.

He has a BA degree in Business from the University of Teesside in the United Kingdom and a MBA in Financial Risk Management from St John’s University in New York.

Mr Webber will initially work alongside deputy chairman and current interim CEO David Cash, who added: “I am thrilled to see Ross appointed to the position of CEO. He brings important experience and great passion to the role and I have every confidence that he will do a terrific job.

“I have had the pleasure of working with Ross both as a colleague on the board of directors and tackling day-to-day activities together at the BDA.

“In both settings he has shown great energy and sound judgment and I look forward to supporting him in his new position. I have committed to Ross and the board that I will work with him and his team through this year and stand ready to support him wherever needed in 2015 and beyond.”

Mr Webber said he had a “very positive, hands-on working relationship with the board and the staff”.

“I look forward to extending those relationships to the BDA membership and overseas businesses looking to make Bermuda their home,” he added.

“I am a proud Bermudian and the continued success of Bermuda as an international business centre is hugely important to me. I am relishing the opportunity to contribute in a leadership capacity as CEO of the BDA. The BDA is the ideal organisation to progress business development initiatives to move Bermuda forward.

“The BDA is focused; has a robust strategic plan; good people and support both from Government and the business community. The challenge ahead is a simple one; we have to take all the great ingredients, qualities and advantages that we know Bermuda has and we must translate them into action and successes.”

Economic Development Minister Grant Gibbons said: “While I will be very sorry to lose Ross as Permanent Secretary in the Ministry of Education and Economic Development, I look forward to working with him in his new role of CEO in the BDA. The experience and relationships he has built up in his Government capacity will be invaluable in carrying out the responsibilities of his new position.”