CEO of listed utilities business steps down for personal reasons

The chief executive officer of Sheffield-based Fulcrum Utility Services has resigned.

Fulcrum has this morning confirmed Daren Harris is stepping down from its Board with immediate effect due to personal reasons.

Terry Dugdale, who was appointed to the Board as chief operating officer in March 2019, will replace him as CEO.

Harris said: “The business is well placed with strong market drivers and a robust balance sheet and its strategy is strongly positioned to capitalise on the UK’s journey to net zero.

“Unfortunately, due to personal reasons, I need to step down from the business.

“I am delighted that Terry Dugdale has accepted the Board’s invitation to step up to the role of chief executive officer.

“Since joining the business, Terry has driven our operating efficiency and has made significant progress in preparing the company foundations for the future.”

Dugdale said: “I am extremely pleased to be given the opportunity to lead Fulcrum and deliver our growth strategy that supports the UK’s net-zero future.

“I would like to thank Daren for his leadership over the last 12 months and also for his personal support since joining the business in June 2019.”

Jennifer Babington, non executive chairman, added: “I would like to thank Daren for his significant contribution to leading the Group through a difficult period.

“We are delighted that Terry has agreed to step up into the CEO role and we look forward to driving the business forward together.”