LONDON - Morgan Sindall Group plc, a notable player in the construction services sector, announced today that Michael Findlay will retire from his role as Chair of the Board on July 28, 2025. His successor, Peter Harrison, will join the company as a non-executive director and Chair designate starting May 6, 2025, and will assume full responsibilities upon Findlay's departure.
Harrison's appointment comes with a wealth of experience in the financial sector, having served as Group CEO at Schroders (LON:SDR) plc until November 2024 and holding significant positions at RWC Partners, Deutsche Asset Management, and JP Morgan Asset Management. He is also actively involved in the Capital Markets Industry Taskforce and serves as Chair of the King's Responsible Business Network, part of Business in the Community.
David Lowden, the Senior Independent (LON:IOG) Director who led the search for Findlay's replacement, expressed confidence in Harrison's capabilities, stating that his "experience in and understanding of capital markets" will be invaluable to Morgan Sindall's Board. Lowden emphasized that Harrison's expertise would be instrumental in driving the company's strategy and maximizing value for stakeholders.
Findlay, who has chaired the Board since October 2016, oversaw a period of significant growth and financial stability for Morgan Sindall. He expressed his gratitude for the opportunity to lead the Board and his intention to ensure a seamless transition to Harrison's leadership.
The company, with a workforce of approximately 8,000 employees and annual revenues of £4.1 billion, operates across various sectors, including Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure, and Property Services.
The announcement made clear that there are no further details that require disclosure under Listing Rule 6.4.8 in relation to Peter Harrison. This transition reflects a strategic move for Morgan Sindall Group as it continues to navigate the competitive landscape of the construction services industry. The information for this article is based on a press release statement.
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