TIDMWYG
RNS Number : 2044H
WYG Plc
06 June 2017
6 June 2017
WYG plc
("WYG" or "Company")
Board Changes
Douglas McCormick to succeed Paul Hamer as Chief Executive
Officer
WYG, the global project management and technical consultancy, is
delighted to announce the appointment of Douglas McCormick as Chief
Executive Officer of the Company. His appointment will take effect
from 12 June 2017, on which date Paul Hamer will step down from the
Board to take up the post of Chief Executive at Sir Robert McAlpine
Limited with effect from 31 July 2017.
Douglas has over 30 years' experience in the construction
industry, and was until recently Chief Executive Officer of Sweett
Group plc, managing approximately GBP90m of revenue and over 1,500
staff across 18 countries. During his 18 months in the role Douglas
established a period of improved stability, creating significant
value for shareholders. Previously, Douglas was Group Managing
Director, Rail, Atkins (UK), managing more than GBP200 million of
revenues and over 1,700 staff across the UK, India and China.
Douglas is a Fellow of the Royal Institution of Chartered
Surveyors and holds an MSc in Construction Management and a BSc in
Quantity Surveying. In addition, he was until recently a
Commissioner for the UK Commission for Employment and Skills, and
is a non-executive Director of the Institute for Collaborative
Working.
Paul joined the Group in July 2008 and was appointed Chief
Executive Officer in March 2009 to oversee the transformation of
WYG. He led the business through two major financial restructurings
in 2009/10 and 2011, returning the Group to profitability, and a
period of significant growth. Paul has helped to create a client
focused organisation with a new operational structure and strong
business leadership team, designed to deliver the five-year growth
strategy recently endorsed by the Board.
Mike McTighe said:
"Whilst we are sad to announce the departure of Paul, I am
delighted to be able to announce Douglas's appointment as Chief
Executive Officer of WYG. My colleagues and I believe he will be a
fitting successor to Paul and is the right leader to take the
Company forward to the next stage of its development."
"I would like to pay tribute to the work that Paul has done at
WYG and to thank him for his fantastic service over the past nine
years. His leadership has been key to the successful turnaround of
the business and its return to growth and profitability; we wish
him well in his new role at Sir Robert McAlpine."
Douglas McCormick said:
"WYG is a leader in many of its markets with strong and diverse
expertise which means it has great potential for sustained
profitable growth. I am delighted to be taking up this new role and
to be working with the board, the senior leadership and the staff
team to make the most of the wealth of opportunities for WYG in a
changing world."
Save as set out in this announcement, there are no further
disclosures required under Rule 17 Schedule 2 (g) of the AIM
Rules.
WYG has today announced its final results for the year ended 31
March 2017.
Contacts:
WYG plc Tel: 0113
Paul Hamer, Chief Executive Officer 278 7111
Iain Clarkson, Chief Financial Officer
MHP Communications Tel: 020
Katie Hunt / Ollie Hoare 3128 8100
N+1 Singer Tel: 020
Sandy Fraser / Nick Owen / James White 7496 3000
WH Ireland Limited Tel: 020
Tim Feather / Ed Allsopp 7220 1666
Douglas Alexander Drysdale McCormick, aged 55 is currently a
director (or similar role) of the following entities:
Centre for Team Performance Ltd
The Institute for Collaborative Working
In the past five years, Douglas McCormick has been a director
(or similar role) of the following entities:
Currie & Brown (Investment Services) Limited
Currie & Brown (Investments) Limited
Currie & Brown (Investments D&G) Limited
C E Ball & Partners Limited
Sweett & Partners Limited
Windell Sweett Limited
Sweett Limited
Cyril Sweett Limited
Sweett International (Holdings) Limited
Sweett Group Limited
NSAR Limited
Atkins Limited
W.S.Atkins International Limited
UK Commission for Employment and Skills
Ministries by Design
ENDS
NOTES TO EDITOR
About WYG
WYG is a leading programme, project management and technical
consultancy employing over 1,600 people and operating from more
than 50 locations across the UK, Europe, Africa, Asia and the
Middle East. We specialise in creating and managing strategic
assets for our clients. We engage with them in the early stages of
a project, and often continue to advise them throughout its
lifecycle.
Outside the UK, we have a strong, longstanding presence in a
number of EU member states and pre-accession countries. We are a
leader in international development, exporting our knowledge and
networks to undertake ambitious projects that make a positive
impact on infrastructure, socio-economic growth and the
environment. Our in-house expertise encompasses seven global
sectors: defence & justice, energy & waste, environment,
mining & metals, social development and infrastructure,
transport, and urban development. We also bring together a network
of more than 20,000 partners and associates from around the world.
This breadth of skills and knowledge allows us to provide a unique
integrated approach to solve complex challenges wherever in the
world our clients need us.
WYG plc's shares are traded on AIM, a market operated by the
London Stock Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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