May Gurney chief leaves

7 September 2012 Phillip Fellowes-Prynne has left his position as chief executive of contractor May Gurney, as the firm issues a profit warning.
The company announced in March plans to close its facilities business after a “disappointing” performance, but that process is now facing “significant exiting costs”, May Gurney said.

As a result, the firm has set aside a £10m one-off charge to cover those costs, but it also said the overall group will “significantly under-perform its original expectations for the current year”.

Fellowes-Prynne is leaving the company by mutual consent and with immediate effect, the firm said.

He will be replaced by current non-executive director Willie MacDiarmid on an interim basis. “His depth of operational experience will be invaluable over the next period as we move to secure a permanent CEO,” said May Gurney chairman, Baroness Ford.

This page was last updated on:
22 September 2014.

thumb

Indian summer

It’s been a long, dark winter for many in the UK PPP market, but as we head into autumn there are signs of progress at last

thumb

A big impression

The Philippines’ PPP Center Deputy Executive Director Sherry-Ann Austria discusses progress, after a successful night at the Partnerships Awards 2014

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...