Sir Terry Matthews to lead Swansea project
Telecommunications billionaire Sir Terry Matthews has been appointed chairman of the Swansea Bay City Region board.
The Swansea University graduate and owner of the Celtic Manor Resort in Newport will replace the former leader of Swansea City Council David Philips to drive forward the Swansea Bay project.
Matthews said: "I have a long association with the area, I went to university there and a huge number of my friends and business colleagues are also associated with the region.
"So it is almost a natural affiliation and it will be an absolute pleasure for me to participate and use the experiences I have had over the last 40 odd years since I started my own businesses to help the area plan and grow."
Phillips, who also stepped down from his role at the city council in August, said: "It has been an honour to play such a leading role in establishing the Swansea Bay City Region, but the time is now right to hand over the baton to Sir Terry.
"It was always the intention for the city region to be led by the private sector, with support from the four local authorities.
"As Wales' most successful global entrepreneur, Sir Terry's credibility with the Welsh business community is second to none and his leadership will add new impetus to the board and enable the Swansea Bay City Region to grow from strength to strength. I look forward to working with him."