The announcement was made on Tuesday morning, hours before a debate on a vote of no confidence in Chief Minister Ian Gorst.
The confidence vote was lodged partly in response to Senator Gorst reappointing Senator Ozouf to the position in the wake of the Innovation Fund fiasco.
In a statement, Senator Gorst said: ‘It is disappointing that Senator Ozouf’s reappointment has become an unfortunate cause of diversion from the task of undertaking the important government work lies ahead.
‘Senator Ozouf was reappointed to drive forward progress in the financial services and digital sectors for which, as I said at the time, he is well equipped to undertake.
‘It has, however, become clear over the last few weeks that his re-appointment has unfortunately developed into a serious distraction from the ongoing work of the Council of Ministers.
‘I am sure that as a Member of the States Assembly Senator Ozouf will continue to focus on serving Islanders and on making a positive contribution to the future of Jersey.’
