CDC's New CEO: Diana Noble

The U.K.’s main development financing arm, CDC, has a new leader in Diana Noble, a former executive vice president of the Clinton Foundation Health Access Initiative.

In a report by the Guardian, CDC notes that Noble will receive a lower salary — up to a maximum of 290,000 pounds ($337,000) per year — as compared with her predecessor, Richard Laing, who used to average 500,000 pounds, including bonuses.

“This is in line with the mid-market remuneration for other public development finance institutions and very substantially below the going rate for private equity companies,” CDC says. “In fact, it has now been changed so that the CEO is benchmarked against development finance institutions, when previously it was private equity companies.”

The reduced salary is part of CDC’s new business plan, which was released in May.

>> Andrew Mitchell Explains New CDC Business Model

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  • Eliza Villarino

    Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.