Galliford Try chairman to step down

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Galliford Try’s committee seat Peter Ventress is stepping down aft 7 years successful the non-executive position.

Ventress, who was besides seat of the information committee, volition beryllium leaving the tier 1 contractor connected 15 September, aft its afloat twelvemonth results are published.

During his tenure astatine Galliford Try, helium has overseen spinning disconnected the company's lodging divisions successful 2020, the group’s instrumentality to profitability and the acquisition of NMCN water  successful 2021 for £1m pursuing the illness of the utilities contractor.

Over his career, Ventress has held elder roles successful non-construction companies, including main enforcement astatine European textile services concern Berendsen plc until 2016.

Ventress volition beryllium replaced by Alison Wood, aft a transitionary period. Wood volition formally instrumentality implicit connected 1 April 2023. After being appointed to the board, Wood volition besides go a subordinate of Galliford Try’s audit, remuneration and information committees.

Wood antecedently worked arsenic radical strategical manager astatine defence contractor BAE Systems arsenic good arsenic planetary manager of strategy and firm improvement astatine National Grid plc.

Ventress said: “Alison has a wealthiness of acquisition and her assignment volition further fortify our independency and the acquisition of the board. I person thoroughly enjoyed my clip astatine Galliford Try and permission the concern with a susceptible committee and absorption team, beardown equilibrium expanse and market-leading assemblage position.”

Last week, successful its half-year results for the six months to 31 December 2021, Galliford Try reported a pre-tax nonaccomplishment of £2.6m owing to the acquisition of NMCN's h2o concern and the acquisition of IT infrastructure. Revenue was up 10 per cent to £594m.