The Government of Jersey’s interim Chief Executive Officer will stay on in the role.
Dr Andrew McLaughlin's new contract will be take effect from 1 July 2024, with a six-month review period.
Dr McLaughlin says he is delighted to have the opportunity to extend his time as CEO.
"It is a privilege to do this job and I will do all I can to help the Government deliver the best outcomes for islanders."
The States Employment Board has also permitted Andrew McLaughlin to undertake a non-executive role as Chair of the Board of the Bank of Gibraltar.
According to the Chief Minister, Dr McLaughlin has provided 'clear leadership' across Jersey's public service, ensuring good governance, sound financial control and a collaborative approach to management.
Deputy Lyndon Farnham says keeping him in post will provide 'much-needed stability and continuity across the public sector'.
"As a long-standing Jersey resident, he also has in-depth knowledge of the local economy and community."
The government's Broad Street offices
Andrew McLaughlin began the role as interim CEO in September 2023, picking up after the shock resignation of Suzanne Wylie in the spring after just a year in office.
The government at the time claimed she was moving back to Belfast to be 'closer to her family'.
Dr McLaughlin, the former CEO of Royal Bank of Scotland International, sought secondment from his position at NatWest London until May of this year.
He has held several advisory and non-executive roles, including Chair of Prince’s Trust Scotland, member of the CBI Economics and Tax Committee and of the Fiscal Policy Panel for the States of Guernsey.
He has also been a visiting professor at the Centre for Globalisation at the University of Nottingham and has a first-class degree in Economics and Politics and a PhD in Public Policy.
Commonwealth Games: Nowacki into 100m breaststroke final
Channel Islands face 'physical' Poland test
Thousands expected at Havre Des Pas Festival this weekend
Price of heating oil and other fuel increase by more than half in a year
Man jailed for importing nearly £600k worth of cannabis in bumpers of his car
Baby born on Guernsey's Marine Ambulance
Drug trafficker who claimed he was the ‘Accredited Dealer' jailed
Jersey men involved in cocaine importation sentenced
