Lord Currie of Marylebone, dean of City University Business School, former advisor to chancellor Gordon Brown and Labour party donor, has secured the job as head of OfCom.
OfCom is set to replace the five existing communications regulators - the Independent Television Commission, the Radio Authority, Oftel, the Broadcasting Standards Commission and the Radiocommunications Agency.
Currie - who has previously held positions at OfGem, the Bank of England, and the International Monetary Fund - will step into the £130,000-per-year role of chairman and be responsible for setting regulatory policies for the media and telecoms industries.
Although he has experience in regulatory environments his familiarity with the internet and technology-related industries appears limited.
However, his political background is likely to come in handy when dealing with issues such as the government's plans to switch off analogue broadcasting signals before 2010, and the future of the BBC's funding and its expansion into the digital services arena.
The appointment has prompted accusations of cronyism from the Conservative party. But Currie is understood to be severing his official political ties.
OfCom is expected to be formed by the end of next year. Currie will be advising on the appointment of other board members.
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