Pycroft will stand down on 1 January 2022, when current chief executive Mark Reynolds will move into a new role as joint chair and group chief executive.
Pycroft joined Mace in 1993 and was appointed to the board in 1995, going on to become chief executive in 2004 having led the management buyout of the business in 2001. He will continue to sit on the board of Mace and will remain a major shareholder of the business.
“There can be few people in our industry who can claim to have had such a huge impact on how we operate as Stephen,” said Reynolds.
“His legacy will be admired by many for taking a small consultancy business and turning it into a resilient global business. We are all extremely grateful for his leadership and support. I and the board look forward to working with him in his new role.”