The appointment comes after a highly competitive recruitment process to replace the outgoing Gordon Gough, who is retiring.
Mr McQuillan takes up the post next month and will oversee the organisation which represents a total of 28 Local Enterprise Agencies across Northern Ireland.
Prior to his appointment, Michael McQuillan was the Director of the Business Institute at the Ulster University Business School.
An entrepreneur by background, he co-founded ‘The Streat’ coffee chain in 1999 expanding it through franchising which led to an acquisition by a major food distribution company.
Announcing his appointment Nicholas O'Shiel, Chair of Enterprise NI commented: “We are thrilled that Michael has joined us as our new Chief Executive.”
“Michael brings with him the experience that comes with the real-life challenges of being an entrepreneur which is essential in understanding the needs of start-ups and growing businesses.”
“This is an exciting appointment for us at Enterprise NI. The strength of candidates that came forward was exceptional and Michael with his impressive track record stood out, making him the ideal person to lead the organisation into the future.”
“We know that Michael has the vision and ambition to sustain and grow the number of new businesses we are assisting through our local enterprise agencies, who in turn are working with thousands of entrepreneurs enabling them to succeed.”
“Already, through the likes of the Small Business Loan Fund and the Start Up Loan Fund we have supported local businesses to the tune of nearly £10milion over the past number of years. Our ambition is to develop this, and we are confident that under Michael’s leadership we are in a strong position to do so.”
He added:“We’d like to express our gratitude to the outgoing Chief Executive, Gordon Gough, for his many years of service with Enterprise NI. We wish him well in his retirement.”
On his appointment, Michael McQuillan, the new Chief Executive of Enterprise NI commented: “As an organisation which promotes and nurtures entrepreneurship, I am thrilled to have been appointed to Enterprise NI.”
“Throughout my career I have been passionate about the development of the Northern Ireland skills agenda and the importance of local businesses being the bedrock for economic stability and growth. Along the way, I have had the privilege of mentoring an extensive list of SMEs, helping them to grow and develop.”
“Over the next few weeks and months, my priority is to get out and meet with all the local enterprise agencies that we represent across Northern Ireland to look at how we can further develop the magnificent work and support that is currently being delivered.”