The founder of Century Homes Gerry McCaughey has been appointed the new chairman of Dublin Docklands Development Authority.
Mr McCaughey replaces Donal O'Connor, who stepped down from the DDDA following his appointment as chairman of Anglo Irish Bank.
The appointment was announced this afternoon by Minister for the Environment, Heritage and Local Government John Gormley.
Mr McCaughey is the former chief executive of Century Homes, the timber frame housing business, which was sold to building materials company Kingspan in 2005 for €100 million ($148.7 million). Mr McCaughey resigned as chief executive of Kingspan last January after his "earn-out" period ended.
Mr Gormley also appointed Yvonne Farrell of Grafton Architects to the executive board of the authority. She replaces Sheila O'Donnell, of O'Donnell and Toumey Architects, who resigned from the board last month.
Mr Gormley said Mr McCaughey has shown clear leadership in the past "on issues including regulatory reform, sustainable business practices and the environmental and energy agenda".
He added: "He has the experience to lead the DDDA through this current period of uncertainty and to place it in a position where it can further develop the essential economic and social infrastructure to ensure a truly sustainable and prosperous future for our capital city."