Former Genesis Energy boss Albert Brantley has been tasked with the job of delivering Christchurch's Anchor Projects.
Crown company Ōtākaro Limited appointed Mr Brantley to the role of chief executive, starting May 2, 2016, with a salary of $500,000.
It comes after Ōtākaro officially took on responsibilities for the delivery of Christchurch's anchor projects and precincts yesterday, after the Canterbury Earthquake Recovery Authority ceased to exist from yesterday.
Mr Brantley joins Ōtākaro following eight years as chief executive of Genesis Energy. He is also a trustee of St Margaret's College.
Ōtākaro chair Ross Butler said the appointment was a major coup for the company, which was established in less than four months.
"Albert's expertise speaks for itself. He has significant commercial and community experience, which is the crucial mix we need to ensure Ōtākaro is a success. The Ōtākaro directors and I are delighted to have secured someone of his calibre for the people of Christchurch and we are especially pleased to have a Cantabrian in the role.
"Ōtākaro has been set up to run as a commercially focused property company and to accelerate the delivery of the anchor projects," said Mr Butler.
Mr Butler said Mr Brantley's role will not be an "an easy task", but that he had the experience and reputation to deliver.
The Ōtākaro board will be chaired by Mr Butler, with directors Peter Townsend, CEO of the Canterbury Employers' Chamber of Commerce, and Miriam Dean QC.
Mr Brantley and his family live in Kaiapoi, Christchurch.