Afrigather Hurcomb will retire in Might and get replaced by Jonathan Stockton who joined NG Bailey in 2016 and has held a number of senior roles together with Chief Monetary Officer and Chief Working Officer.
Hurcomb stated: “It has been an enormous honour to have performed my half throughout my time as Chief Govt within the ongoing success of what’s a really implausible family-owned enterprise.
“I’m immensely happy with the numerous outstanding highlights and achievements there have been over time, and it has been a pleasure to have labored with so many proficient colleagues.
“While we now have confronted undoubted challenges alongside the way in which, together with Covid-19 and difficult wider market circumstances in more moderen occasions, I’m delighted that the enterprise is properly on its technique to pre-pandemic ranges of efficiency.
“Certainly, early indications present a rise in turnover and anticipated double-digit revenue determine for the 2023/4 monetary yr. Alongside this, our properly diversified portfolio means we now have a wholesome £1.4bn ahead order ebook, with robust development in sustainable markets.
“Wanting forward, I’m sure we’ll additional develop and innovate throughout our engineering and companies divisions, guaranteeing we proceed to make a optimistic influence in the important thing sectors we function in and thru the very important UK infrastructure initiatives we ship.
Jonathan Stockton
Stockton added: “I’m very a lot wanting ahead to my new appointment and taking up the place of Chief Govt Officer, working with the Board, shareholders and senior management groups to guide the enterprise by its subsequent chapter.
“I wish to thank David for his ongoing assist, and I want him a a lot deserved, lengthy and pleased retirement.”
Newest outcomes for the agency confirmed a pre-tax lack of £25m from a turnover of £532m for the yr ending 3 March 2023.
