Lucy Armstrong named new chair of Port of Tyne

Lucy Armstrong, chief executive of The Alchemists, a UK-based business consultancy working with high-growth mid-corporate businesses, has been appointed the new chair of Port of Tyne.

Port of Tyne recently invested £25m in extending its deepsea multifunctional berths at Riverside Quay and extensive new handling and storage facilities – part of the £300m Lynemouth Power project, converting Lynemouth Power Station.

Port of Tyne chief executive Andrew Moffat said: “We are delighted to welcome Lucy to the board at a time when major investment in port infrastructure is providing the business with new opportunities to further grow and diversify.”

Ms Armstrong joined The Alchemists in 2003 after working in private equity, corporate development and headhunting with 3i plc, Courtaulds Textiles and Tyzack, and she has experience in funding start-up and early stage manufacturing businesses in the north-east of the country, through to mergers and disposals of international operations.

She is also chair of the Enterprise Research Centre Advisory Board, chaired the Confederation of British Industry’s Small Business Forum from 2010-2013 and was acting chair of Northumbria University until 2012.

“I am delighted to be joining the board at Port of Tyne at this time of challenge and opportunity. It is a new and exciting role for me and I look forward to playing my part and helping to support the port’s future plans,” she said.