Poppy Gustafsson, a key figure in cybersecurity, is the UK’s new investment minister.
- Gustafsson co-founded Darktrace in 2013, a significant player in cybersecurity.
- Her appointment aims to enhance UK’s investment landscape and business relations.
- The Office for Investment will be expanded to support foreign investment initiatives.
- Gustafsson’s transition follows Darktrace’s acquisition by Thoma Bravo for £4.2bn.
Poppy Gustafsson, renowned for her role in establishing the cybersecurity firm Darktrace, has been appointed as the new UK investment minister. Her appointment reflects the government’s strategy to foster stronger ties with global businesses and enhance the United Kingdom’s appeal as an investment destination.
Gustafsson co-founded Darktrace in 2013 and ascended to the position of CEO in 2016, where she played a pivotal role in scaling the business. Her extensive experience in the private sector is expected to bring valuable insights and strategies to her new governmental role.
The government is set to expand the Office for Investment, transforming it into a more robust organisation. This expansion is designed to streamline operations by integrating key departments such as HM Treasury, the Department for Business and Trade, and the Prime Minister’s Office, thereby providing comprehensive support to investors in navigating the complex planning and skills landscape.
The introduction of a bespoke service by the Office for Investment seeks to offer unparalleled governmental support to investors. Gustafsson expressed her enthusiasm for promoting the UK as a lucrative business environment, stating her commitment to sharing the country’s strengths with the international investment community.
Her appointment comes after Darktrace’s recent acquisition by the American private equity firm Thoma Bravo for £4.2 billion, marking the end of her tenure at the company. Despite this transition, Gustafsson remains committed to leveraging her private sector experience to attract significant investments to the UK.
Gustafsson’s appointment signals a strategic move towards reinforcing the UK’s global investment appeal.
