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David Hurcomb is retiring from his function as chief govt of NG Bailey Group in Could 2024, after 14 years within the put up.
He might be succeeded by Jonathan Stockton, who has held a number of senior roles inside the enterprise since becoming a member of in 2016 from Deloitte, together with chief monetary officer and chief working officer. He was appointed to the group board in 2021, since when he has labored carefully with David Hurcomb as a part of this deliberate transition.
David 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 improbable family-owned enterprise. I’m immensely happy with the numerous exceptional highlights and achievements there have been through the years, and it has been a pleasure to have labored with so many proficient colleagues.
“While we’ve got confronted undoubted challenges alongside the best way, together with Covid-19 and difficult wider market situations in newer instances, I’m delighted that the enterprise is effectively on its option 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 12 months. Alongside this, our effectively diversified portfolio means we’ve got a wholesome £1.4bn ahead order e book, with robust development in sustainable markets.
“Trying forward, I’m sure we’ll additional develop and innovate throughout our engineering and companies divisions, making certain we proceed to make a optimistic impression in the important thing sectors we function in and thru the important UK infrastructure initiatives we ship.
“Lastly, having the ability to fill my function by selling from inside is testomony to the good folks we’ve got and vital funding we make as a enterprise to develop our abilities and expertise. I want to take this chance to want Jonathan each success in his new function as he leads the group on the subsequent part of its thrilling journey.”
Jonathan Stockton added: “I’m very a lot trying 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 way of its subsequent chapter.”
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