New chairman for constructor Morgan Sindall
CONSTRUCTION group Morgan Sindall has announced the appointment of a new chairman.
The group, which has major operations – such as housebuilder Lovell – based in the West Midlands, has appointed Michael Findlay, the recently retired Co-Head of Investment Banking for the UK and Ireland at Bank of America Merrill Lynch.
Mr Findlay replaces Adrian Martin who is stepping down. Mr Findlay is also the Senior Independent Director of UK Mail Group.
He said: “Morgan Sindall Group is an excellent business, with very strong, strategically important positions across the construction and regeneration markets. I look forward to joining the board and working with the company as it continues to build on the significant and exciting opportunities that lie ahead.”
Mr Martin added: “Having seen progress made in reshaping the business, I feel this is a good time to hand over to a new chair to take the company through the next phase of its development. I am pleased we have found someone of Michael’s calibre and experience. The business is in excellent shape, with a strong long term order book and solid balance sheet. I wish Michael and the board every success for the future.”
Morgan Sindall Group has revenues of c£2.4bn and operates through six divisions of Construction & Infrastructure, Fit Out (Overbury), Property Services, Partnership Housing, Urban Regeneration and Investments.
