NG Bailey chief government to face down

NG Bailey has introduced the departure of chief government David Hurcomb after 14 years on the helm.

Hurcomb will retire in Could and get replaced by Jonathan Stockton, at present chief working officer on the mechanical & electrical (M&E) contractor.

Hurcomb joined the then £464m-turnover NG Bailey in 2010 from Havelock Europa, having beforehand been government director of Carillion.

A press release from NG Bailey mentioned that Hurcomb had taken the corporate via a interval of “unprecedented progress, diversification and success”.

Main contract wins throughout his time embrace packages at Hinkley Level C, on Crossrail and on the redevelopment of London Bridge station. It additionally acquired facilities-management and power-engineering providers agency Freedom in 2018.

Stockton, a former senior supervisor at Deloitte, has been on the agency since 2016, serving as deputy chief monetary officer, group director of technique and efficiency and chief monetary officer previous to his present position.

The agency’s assertion mentioned the pair have labored carefully collectively as a part of a deliberate transition for a number of years.

Hurcomb mentioned: “It has been an enormous honour to have performed my half throughout my time as chief government within the ongoing success of what’s a really incredible family-owned enterprise.

“I’m immensely pleased with the various exceptional highlights and achievements there have been through the years, and it has been a pleasure to have labored with so many gifted colleagues.”

In its newest printed accounts, the corporate posted a £25m pre-tax loss on a turnover of £531.6m, blaming the loss on inflation and fixed-price contracts. It additionally took a success on an funding in gigafactory start-up Britishvolt.

Hurcomb mentioned that NG Bailey anticipated to return to double-digit revenue within the 2023/24 monetary yr.

In an interview with Construction News in November, he mentioned that regardless of the Britishvolt expertise, the gigafactory market remained a goal.

“The UK completely must construct half a dozen gigafactories [at a] minimal to protect its automotive trade. There are one or two websites transferring ahead and definitely we goal to be concerned. It’s a market that’s going to develop, indisputably,” he mentioned.

Stockton mentioned he was trying ahead to his new position. He added: “I want to thank David for his ongoing help, and I want him a a lot deserved, lengthy and pleased retirement.”