Nick Temple has been appointed chief executive of the Social Investment Business, the organisation has announced.
Temple, who is deputy chief executive of the umbrella body Social Enterprise UK, will take up his new role in January.
He will replace Jonathan Jenkins, who left SIB earlier this year to become chief executive at London’s Air Ambulance.
Temple, who has been at SEUK for six years, was previously an independent consultant working with organisations including the British Council and UnLtd. Before that he was director of policy and communications at the School for Social Entrepreneurs.
SIB has not disclosed what Temple’s salary will be, but Jenkins earned between £100,000 and £109,999 in 2016, according to SIB’s most recent accounts.
"I am tremendously excited to be joining SIB and cannot wait to get started," said Temple.
"I am joining at a very important time. We need to make social investment work for more charities and social enterprises and SIB is brilliantly placed to test innovative approaches and explore new partnerships that can help tackle the big challenges we face as a country."
Hazel Blears, chair of the SIB, said: "Nick’s knowledge and understanding of social enterprise and social investment is second to none and I am absolutely delighted that he will be our next chief executive.
"I am looking forward to working with Nick to take our business from strength to strength as we move into a new phase of development and use more of our own money to test new approaches to social investment that help more organisations improve people’s lives."