The current chairman of the Olympic Park Legacy Company has been put forward for a top role in Jersey.
Jersey's Treasury Minister Senator Philip Ozouf has recommended Baroness Margaret Ford as chairman of the States Development Company.
If approved by the States of Jersey, Baroness Ford would be non-executive chairman of the company.
Baroness Ford would be expected to work 24 days a year and would be paid £40,000 per year.
She would act as an independent representative as it delivers new property developments in Jersey.
Baroness Ford has experience in both the public and private sectors working on regeneration and development projects.
She was appointed chairman of the Olympic Park Legacy Company in 2009 by the UK government and is responsible for securing the long-term development of the Olympic Park after the 2012 Games.
Senator Ozouf said: "I'm delighted to recommend the appointment of Baroness Ford to the States Assembly.
"The Appointments Commission, which consisted of three panels including a panel of scrutiny and backbenchers, all reached the unanimous conclusion that, even with a strong list of candidates, Baroness Ford was an outstanding appointment."
The Jersey Development Company Limited replaces the Waterfront Enterprise Board, which has been behind the redevelopment of St Helier seafront.
The aim of the new States-backed agency is to to put all development projects under one body.
If approved she will take up her role in early April after the new States of Jersey Development Company has been established.