Lord Smith of Kelvin, the owner of Inchmarnock island off Bute’s west coast, has been appointed as the new chancellor of Strathclyde University.
Lord Smith, the chairman of the Glasgow 2014 Commonwealth Games, was described as “a visionary businessman” by Strathclyde’s principal and vice-chancellor, Professor Sir Jim McDonald.
The appointment was announced just two days after it was confirmed he is to step down as chairman of the Glasgow-based engineering firm Weir Group at the end of this year.
Lord Smith, who is also chairman of Scottish and Southern Energy and the UK Green Investment Bank, was knighted in 1999 for services to the National Museums of Scotland, and became a member of the House of Lords in 2008 as an independent crossbench peer.
Shortly after taking ownership of Inchmarnock in March 1999, he commissioned Headland Archaeology (UK) to carry out a seven-year investigation of the island, the results of which were published in a book, Inchmarnock: An Early Historic Island Monastery and its Archaeological Landscape, in October 2008.
Lord Smith will be formally installed in his new Strathclyde post in October.