Peter Kyle, deputy chief executive of Acevo, will leave later this year to become the first chief executive of a new charity, Working for Youth, which will work with the private sector to reduce youth unemployment.
Kyle has spent nearly six years at the sector chief executives body. During that time, he worked on the Taskforce on Youth Unemployment, chaired by the former foreign secretary David Miliband, and was involved in the campaign against the 'charity tax' – a cap on tax relief for larger donors that was proposed but later dropped.
Kyle said it was the right time to go and that there were people with sufficient experience at Acevo to replace him. "I have had a fantastic time at Acevo," he said. "It was a complete privilege to work there, and also huge fun."
He said that he had announced his decision in the past few days and no decision had yet been made about whether he would be replaced.
Working for Youth was founded last year and is chaired by Sir John Peace, who also chairs Standard Chartered, Experian and Burberry. It is funded by a small group of private sector funders, and has not yet filed its first set of accounts.
Kyle said that Peace had led the creation of the charity to tackle "demand-side" solutions to youth unemployment. He said he could not say how large the charity would be, but he expected it to make "a substantial difference".
"All of the solutions up till now have tackled the supply side," he said. "They’ve helped young people get ready for work. This is about getting companies to provide more job opportunities to young people."
Kyle has also been adopted as the Labour Party candidate in Hove and Portslade, a marginal seat currently held by a Conservative, and will need only a 1.9 per cent swing to enter parliament at the 2015 general election.
"Working with Youth were happy with that situation," said Kyle. "It wasn’t a difficult conversation. They’re looking for someone to lead the creation of the charity. It can be a good thing to hire someone for the first set-up phase and then someone else to take the organisation onwards."