Interserve CEO steps down amid group restructuring

Interserve’s Chief Executive Officer (CEO) is to leave the company at the end of the year as the group unveils a new operating structure across its three divisions.

Debbie White will leave her role as CEO at the end of December, with Executive Director and Chief Financial Officer Mark Morris stepping in to oversee all group functions.

Chairman Alan Lovell said: “Debbie leaves Interserve with the greatest respect of the board. In her time here, she has worked tirelessly to turn the business around and has steered the group through a period of unprecedented uncertainty, which included securing a critical refinancing.

“She led the group’s ‘Fit for Growth’ initiative, transforming Interserve into a more agile business, with reduced costs and a more competitive value proposition.”

Under the new operating structure, each business division will be led by a chairman and managing director, with each chairman sitting on the group board.

Non-Executive Director Nick Pollard will chair Interserve Construction, while Paul Gandy will continue as managing director.

George Franks will lead the international construction segment.

The construction division will focus on sectors including healthcare, defence, education and major framework projects with central government, local authorities as well as other private and public sector organisations.

Chairman Ken Hanna and Managing Director Ian Hayes will continue to lead Equipment Services division RMD Kwikform, which will focus on the Australian, Indian and UAE markets.

Lovell will chair Support Services, while Lynn Mawdsley has been appointed managing director of the division.

“This new operating structure will provide us with increased focus in the right areas and ensure that we are well placed to continue this work,” Lovell said.

“By recognising the diversity of the three business divisions and giving each one the right governance and operating framework it will enable them to deliver sustainable growth in the distinct markets they serve.”