Chairman of listed £130m consultancy business steps down
The chairman of Leeds-based project management consultancy WYG is stepping down.
Mike McTighe will retire in September 2017, with Jeremy Beeton, a current member of the PwC advisory board taking over.
Beeton is currently a senior independent non-executive director. He joined WYG in October 2015 and has more than 40 years’ experience and is currently a non-executive director of SSE plc, and John Laing Group as well as PwC.
He previously spent five years as director general of the UK Government Olympic Executive where he was responsible for supervising the delivery of the London Olympic Games before which he was principal vice-president and director of Bechtel Limited
The move comes as part of a “long-term” succession planning process which it launched in 2015.
McTighe was appointed as non-executive chairman in August 2009, and undertook a comprehensive financial restructuring and recovery of the business.
He said: “I have enjoyed tremendously my time as chairman: it has been a personally challenging yet rewarding journey and my privilege to work with such a great team. The business was facing some major challenges when we embarked on the turnaround strategy eight years ago, and it is to the huge credit of everyone involved in WYG that the business is now in such robust health. In particular, Paul Hamer deserves exceptional recognition for the way in which he has led the executive team and been my close partner in this endeavour.
“I am delighted that Jeremy has agreed to succeed me. Since joining WYG in October 2015, he has been closely involved in our strategic planning as the business enters into a new phase of growth and development and is exactly what the Company needs in a chairman going forward.”
Jeremy Beeton said: “WYG is a leader in many of its markets with strong and diverse expertise across the business 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 and the senior leadership team to make the most of the wealth of opportunities for WYG in a changing world.”
Paul Hamer, chief executive officer, said:”On behalf of everyone at WYG I would like to thank Mike for his great service to the Company over the past eight years. His leadership and expertise have contributed significantly to the successful turnaround. I am delighted that Jeremy, with his wealth of experience in our markets, is to take over from Mike, and I very much look forward to working with him.”
