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:
20 June 2016.

thumb

Boom and Bust

The infrastructure market will face some big decisions whatever the result of the EU referendum

“The Mood is Very Positive”

Sir John Armitt, Institution of Civil Engineers president, member of the National Infrastructure Commission and chair of the National Needs Assessment, gives his take on the UK’s infrastructure landscape

register

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

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