Dorchester Bay Economic Development Corporation (EDC) will soon have a new leader: Kimberly R. Lyle will take charge as the new chief executive officer of the organization, succeeding Perry B. Newman, who has served in that role since 2015 and is retiring next month.

Lyle, who is currently Dorchester Bay’s Director of Strategy and Development, starts in her new role on July 1.

“The board of directors is thrilled that Kim will be our new CEO,” said Phillip Hillman, a Dorchester Bay EDC board member who chaired the search committee. “Kim has done outstanding work since she joined Dorchester Bay in 2016, leading our strategic planning efforts and reshaping our approach to development”

Newman praised the selection.

“It’s been a delight to work with Kim,” he said. “She pushes herself and the organization to be better and to do better.

Dorchester Bay, founded in 1979 and based in Uphams Corner, builds and preserves affordable housing and commercial space in Dorchester and Roxbury. Lyle will oversee a robust pipeline of ongoing real estate projects, including the iconic Pierce Building in Uphams Corner, a senior housing project on Leyland Street being developed in partnership with Hebrew Senior Life, and Columbia Crossing, the former Citizens Bank Building at 572 Columbia Road.

Lyle has studied at Rutgers and Harvard and is a candidate for a master’s degree at Tufts University, according to Dorchester Bay’s website. She has previously worked in financial services, tech, and higher education.