AN experienced entrepreneur with a background in finance, sales and marketing has been named as the new chief executive of the Eastern Enterprise Hub.

Simon Mead has held senior management and chief executive roles in a number of different business sectors including technology, media sales, broadcast, financial services, public services and charities.

Most recently, he has worked for consultants Heaton Camillo, specialising in financial planning and how businesses are prepared and presented to potential investors or lenders.

He was also involved in the formation of, and now chairs, the Tendring Enterprise Agency which provides mentoring and support to start-up businesses in the Tendring area.

Mr Mead, who takes up the post at the enterprise hub with immediate effect, succeeds Andrea Davies who has held the position of interim chief executive since last Summer.

Harry Berry, chairman of the Eastern Enterprise Hub, which is based on the Ipswich Waterfront, said: “I am delighted that we have been able to appoint someone with Simon’s experience and specialist skill set as our new chief executive.

“He is a seasoned entrepreneur who has set up, run and invested in many successful businesses. He has worked for a number of blue chip companies including France Telecom and Thames TV but also clearly understands the challenges faced by entrepreneurs.

“He has significantly increased the scale of many of the businesses he has worked with, supporting them in securing major funding and investment. Simon has demonstrated the ability and passion to make a business better – this focus will be invaluable in the EE Hub’s aim to provide crucial support for early stage businesses across the East.”

“His drive and vision in setting up the Tendring Enterprise Agency shows he cares passionately about the development of entrepreneurs and young businesses,” added Mr Berry.

Simon Mead said: “The Eastern Enterprise Hub represents all that is important about the changes that people face today. Now more than ever, we have a culture where people are increasingly self-reliant or want to go out on their own, as start-up business or even as a social entrepreneur – whatever the sector, education and encouragement are key to these early stage enterprises.

“As an entrepreneur you recognise the value of finding a good mentor, somebody who has been there before you, and whilst not solving all your challenges can certainly help you avoid the pit falls and sign post you the right way.

“ The network of business partners we have built up through our 5th Floor Club is vital to the Eastern Enterprise Hub’ s success and I’m really looking forward to working with them and the team to help promote sustainable entrepreneurship in the eastern region.”

Mr Berry also acknowledged the contribution of Andrea Davies as interim chief executive: “Andrea has played a vital role working with myself, the board and the team over the last few months to establish a new strategic focus for the Eastern Enterprise Hub,” he said.

“Her specialist skills as a business strategist have been invaluable during this transition period and we would like to thank her for the contribution she has made, particularly her help in the development of our education portfolio and regional growth strategy. Andrea will continue to develop her consultancy business AED Leadership Dynamics and we look forward to continuing to work with her in the future.”

The Eastern Enterprise Hub was launched in 2011 to provide support for early stage entrepreneurs and has so far helped create 71 businesses with turnover of £22million.