The IoD and GIBA have congratulated Deputy Peter Ferbrache on his election as P&R President, while thanking Deputy Gavin St Pier for his service in the last political term.
Deputy Ferbrache was voted into the role by the newly-elected States Assembly on Friday.
"There are many pressing matters to be discussed and acted on, and we look forward to having a constructive and collaborative relationship with all members of the new house, under Deputy Ferbrache’s leadership," a spokesperson for the IoD said.
"Digital and physical connectivity, education and the machinery of government were also highlighted as areas of concern in our recent member survey. We believe that generating sustainable economic growth is essential, as this will enable investment in the various environmental and social policies, without placing an extra burden on the taxpayer.
"We hope that our 38 newly-elected deputies will work together to help the island achieve those goals and the whole community benefits from a decisive and collaborative house."
Pictured: The Presidents of other States Committees will be elected today.
A spokesperson for the Guernsey International Business Association thanked Deputy St Pier for his time in office and said they looked forward to working with his successor.
"We echo Deputy's Ferbrache's sentiment that swift action is needed in order for the island to ‘revive and thrive’, and we look forward to collaborating with him and all of the members of the States committees over the coming months.
"In particular, we hope to work closely with members of the new Policy & Resources Committee and the Committee for Economic Development to ensure that the finance industry can continue to play its part in supporting the island’s economic and social wellbeing.
"The finance sector is the bedrock of Guernsey’s economy and in such uncertain times, we believe that the policy of positive engagement with international bodies, like the EU and OECD is vital to maintaining and enhancing our position as leading finance centre."
Deputy St Pier attempted to retain his position but lost out to Ferbrache by 23 votes to 17.
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