The body which manages tens of billions of pounds worth of state-owned assets will on Monday name a new boss as it steps up plans for a £4bn privatisation of the Royal Mail.
I have learnt that Mark Russell is to be handed the role of running the Shareholder Executive on a permanent basis.
Mr Russell, a former corporate financier at the accounting firm KPMG, has been acting in the post since his predecessor, Stephen Lovegrove, moved to become permanent secretary at the Department of Energy and Climate Change.
Mr Russell's appointment will be announced by the Department for Business, Innovation and Skills (BIS), which oversees the Shareholder Executive(ShEx).
It has been approved by Vince Cable, the Business Secretary, following an open competition.
The elevation of its new chief executive comes at a critical juncture for the Coalition's plans to offload some of the state's most valuable remaining assets.
Mr Russell has been closely involved with ongoing preparations to sell Royal Mail, which will probably take place through a stock market flotation towards the end of this year.
Michael Fallon, the business and energy minister, is understood to have forged a close working relationship with Mr Russell during his time as acting chief executive of ShEx.
The Royal Mail sell-off will include at least 10 per cent of the company's shares being offered to staff, with ShEx playing an integral role in the creation of an employee share ownership scheme.
A number of other Government-owned assets are also on the block. Britain's one-third stake in Urenco, the nuclear fuel processor, has been put up for sale, potentially generating a £3bn windfall for taxpayers. Mr Lovegrove and Mr Russell are both involved in that sale process.
A substantial student loan portfolio, and the NHS's principal blood plasma supplier are among the other privatisations under consideration as the Treasury pushes Whitehall departments to raise additional money for the Exchequer.
Mr Russell, who led the Business Department's involvement in last year's abortive merger talks between BAE Systems and EADS, is also a non-executive director of London and Continental Railways Limited and Eurostar International Limited.
A BIS spokeswoman declined to comment on Sunday.
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