The D.C. Children and Youth Investment Trust Corporation announced Friday that it has hired a new executive director as it continues to try to move beyond questions about its role in former council member Harry Thomas Jr.’s theft of more than $300,000 in city funds.

The organization’s board of directors selected Ed Davies, a former vice president at the trust, to head up the quasi-public/private group that directs resources to programs that support at-risk youths. Davies becomes the trust’s first permanent executive director since the board fired longtime director Ellen London in March.

“Ed brings a long history of working to improve the lives of children and youth in the District,” said Robert C. Bobb, chairman of the trust’s board of directors. “I anticipate that Ed will have an immediate and sustained impact on the human resources and fiscal responsibilities of the trust as it continues its unrelenting commitment to serving the children of D.C. through the Opportunity Scholarship Fund, after-school programs and the Summer Youth Employment Program.

Since it was founded in 1999 to supply more resources to at-risk youths, the group has directed more than a $100 million to hundreds of local organizations.

But the credibility of the trust was undermined after Thomas earmarked money for youths sports to the trust that he then used to pay for expensive personal trips, cars and clothes. Thomas, who pleaded guilty to federal theft and tax charges, is serving a 38-month prison sentence.

Earlier this year, a D.C. Council report concluded that trust officials should have provided more oversight over the earmarks that were directed to Thomas. The trust’s board dismissed London a few weeks later.

Davies worked for the trust from 2004 to 2007. He then worked for Mayor Vincent C. Gray as a vice president for the One City Summer Initiative. Davies returned to the trust in January as vice president of external affairs. A month ago, he took over as interim director.