NG Bailey CEO to step down after 14 years at the helm

David Hurcomb

David Hurcomb will retire from his role as chief executive officer of Leeds-headquartered NG Bailey Group in May 2024.

NG Bailey is the UK’s largest independent engineering and services business. Jonathan Stockton will replace Hurcomb in the role of chief executive officer.

Stockton joined NG Bailey in 2016 and has held several senior roles within the business, including chief financial officer and chief operating officer.

He was appointed to the group Board in 2021. Since then he has worked with Hurcomb at a strategic group level as part of this planned transition.

Hurcomb said: “It has been a huge honour to have played my part during my time as chief executive in the ongoing success of what is a truly fantastic family-owned business.

“I am immensely proud of the many remarkable highlights and achievements there have been over the years, and it has been a pleasure to have worked with so many talented colleagues.

“Whilst we have faced undoubted challenges along the way, including Covid-19 and challenging wider market conditions in more recent times, I am pleased that the business is well on its way to pre-pandemic levels of performance.

“Indeed, early indications show an increase in turnover and expected double-digit profit figure for the 2023/4 financial year.

Jonathan Stockton

“Alongside this, our well diversified portfolio means we have a healthy £1.4bn forward order book, with strong growth in sustainable markets.

“I would like to take this opportunity to wish Jonathan every success in his new role as he leads the Group on the next phase of its exciting journey.”

Stockton added: “I am very much looking forward to my new appointment and taking on the position of chief executive officer, working with the Board, shareholders and senior leadership teams to lead the business through its next chapter.

“I would like to thank David for his ongoing support, and I wish him a much deserved, long and happy retirement.”