Morgan Sindall's New Chair Peter Harrison: A Strategic Shift

Morgan Sindall Group Announces Leadership Transition

Morgan Sindall Group plc, a key player in the construction services sector, recently revealed that Michael Findlay will be stepping down as Chair of the Board. His planned retirement is set for a future date, opening the door for Peter Harrison to step into the role.

Introducing Peter Harrison as Chair Designate

Peter Harrison, who comes with extensive experience in the financial industry, will join the company as a non-executive director and Chair designate. His tenure will commence soon, leading into a smooth transition as he prepares to take on full responsibilities. Harrison's background is distinguished by his previous role as Group CEO at Schroders plc, where he dedicated many years to growing the company until late 2024.

Experience and Impact in Leadership

Harrison's experience isn't limited to his time at Schroders. He has held notable positions at RWC Partners, Deutsche Asset Management, and JP Morgan Asset Management. His contributions extend beyond the corporate world, as he actively participates in the Capital Markets Industry Taskforce and serves as Chair of the King's Responsible Business Network. His diverse expertise is anticipated to be a strong asset for Morgan Sindall, especially his understanding of capital markets.

Support from the Board

David Lowden, the Senior Independent Director who oversaw the search for Findlay’s successor, trusts Harrison's capability to guide the company. He stated that Harrison's rich experience will be vital for the board in shaping Morgan Sindall’s operational strategy and enhancing stakeholder value.

A Period of Growth and Transition

During Findlay’s tenure since October 2016, the company experienced significant growth and established a solid financial footing. He expressed heartfelt gratitude for his time leading the team and is committed to ensuring that the transition to Harrison's leadership is smooth, with a focus on maintaining the company’s positive trajectory.

Diverse Operations and Workforce

Morgan Sindall is a robust organization with approximately 8,000 team members and impressive annual revenues around £4.1 billion. The company operates in multiple sectors including Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure, and Property Services, showcasing its versatility in the construction arena.

A Strategic Move for Future Success

The recent announcement indicates that there are no additional disclosures required regarding Peter Harrison as per Listing Rule 6.4.8. This strategic leadership change is perceived as a forward-thinking move for Morgan Sindall Group as it aims to thrive amid the challenges in the competitive construction services industry.

Frequently Asked Questions

Who is the new Chair of Morgan Sindall?

The new Chair of Morgan Sindall is Peter Harrison, who will succeed Michael Findlay.

When will Peter Harrison assume his role?

Peter Harrison will begin as Chair designate shortly and will take on full responsibilities after a planned transition period.

What is Peter Harrison's background?

Peter Harrison has an extensive background in the financial sector, having served in leadership roles at various major financial institutions.

How long has Michael Findlay been with Morgan Sindall?

Michael Findlay has led the company as Chair since October 2016, overseeing significant growth during his tenure.

What sectors does Morgan Sindall operate in?

Morgan Sindall operates in several sectors, including Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure, and Property Services.

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