Phoenix Energy boss appointed NI Chamber president
He was ratified in the role at the Chamber's agm in Queen's University Belfast on Friday, and succeeds Cat McCusker, regional market leader at PwC Northern Ireland in the role.
Nick Whelan, the group chief executive of Dale Farm, has been appointed vice-president.
Mr Chada has worked at the energy company since 2017, and was previously the interim CEO of a division of Ulster Bank.
With more than three decades experience, he has held roles in PwC in Edinburgh along with several positions in finance and banking in London.
Mr Chada said: 'It is a tremendous honour to be appointed as NI Chamber president. I am deeply invested in this place. I want the best for Northern Ireland's economy and its people and believe vehemently in the opportunities that we have to shine.
'In a testing economic environment, it is not a small responsibility. Businesses face immense challenges, none less so than the impact of our changed geopolitics, particularly the potential implications of US trade tariffs, as well as increased cost burdens from increased National Insurance contributions, difficulties in recruiting and more red tape than we feel is necessary when it comes to trading with our nearest markets.
'Members have my commitment that NI Chamber will work hard to be ahead of the game, helping companies in all sectors to address challenges and find wider solutions where we can.'
He added: 'I see Northern Ireland not just as a participant, but as a leader in global commerce. We have the talent, the creativity, and the resilience to rise to any challenge.
'To that end, my presidency will be dedicated to creating an environment where businesses of all sizes can flourish.
'I want us to think big, embrace competitive advantages like dual market access, find ways to be more cost competitive on this island, get behind high-growth sectors and turn our need to decarbonise into a compelling opportunity.
'And of course, I will advocate for the adoption of renewable energy practices, and support businesses in transitioning to low-carbon models.
'By working collectively, we can position Northern Ireland as a region that thrives on sustainable growth and create a legacy that will benefit generations to come.'
Suzanne Wylie, chief executive of NI Chamber, said: 'Kailash brings a tremendous depth and breadth of experience to NI Chamber's Board of Directors. As President, his stewardship and leadership will be of immense benefit to our members.
'I know that he will continue to champion our collaborative approach and help us deepen engagement across government, business and academia.
'At NI Chamber, we have ambitious plans for the year ahead and I look forward to seeing what we can achieve together.'
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