WYG Plc Directorate Change (2044H)

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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June 06, 2017 02:01 ET (06:01 GMT)