Paul Deighton has been named chairman of Heathrow, almost a year after he was replaced as commercial secretary to the Treasury.
Lord Deighton’s appointment follows Sir Nigel Rudd’s decision to stand down after nine years.
Heathrow called Lord Deighton’s experience in funding and delivering major projects “unrivalled”.
In his role as commercial secretary to the Treasury, Lord Deighton was seen as the government’s key adviser on infrastructure through work including publishing the National Infrastructure Plan as well as chairing the HS2 Growth Taskforce.
Prior to that, he had been chief executive of the London Organising Committee of the Olympic Games (LOCOG) and spent more than two decades at Goldman Sachs.
Lord Deighton said: “Over the past decade, Heathrow has been transformed by £11bn of private investment into a world-class airport that Britain can be proud of.
“I’m delighted to be joining a team with an ambition to give passengers the best airport service in the world and focussed on delivering the runway that will keep Britain at the heart of the global economy.”
Heathrow chief executive John Holland-Kaye said: “Lord Deighton’s experience is tailor made for Heathrow.
“He understands the importance of world class national infrastructure as well as delivering outstanding service. He has exactly the skills we need to develop Heathrow as the best connected and most sustainable airport in the world.”