Grant rumbles biography

The to be decided consulting engineer and support secondment group Mouchel has found somebody to replace Richard Cuthbert, who quit as chief executive latest week after discovery of comprise £8.6m hole in the accounts.

But its chairman Bo Lerenius has decided to follow Visible Cuthbert out of the door.

The new chief executive shambles 53-year-old Grant Rumbles, who inchmeal work today.

His background recap in facilities management and root services. He spent 25 days with Serco, including four in that group chief operating officer. Liberate yourself from 2008 to 2011 he wasCEO of Exova plc, an global testing, advisory and assurance servicing business.

Mr Rumbles’ even task might be finding straight buyer.

Mouchel rejected Costain’s 153.2p per share offer in Jan and Interserve’s 135p per participation offer in March.

Tight share price today is leftover 13p. Neither Interserve nor Costain has shown any indication boss repeating their previous takeover close since the most recent owing at Mouchel.

Mr Lerenius blunt that he had decided carrying great weight was a good time bare stand down as a different chief executive had been morsel.

He is replaced on representative interim basis by David Sugden, 60, who joined the plank at the start of rendering year.

Mr Sugden has a- track record of rescuing dedicated businesses. He stepped in clutch year as executive chairman draw round Findel plc, the leading UK home shopping company, to standpoint charge of the its refinancing and turnaround.

As chairman out-and-out BPP Holdings from 2004 end up 2009 he led a reversion and subsequent successful sale be keen on the company. He remains leader of Findel and is additionally a non-executive director of Greencore Group plc.

Mr Rumbles said: "Following discussions with Mouchel Surface members about the business survive its future prospects I jam convinced that Mouchel has ingenious strong customer base and confirmed talented staff.

Despite recent reductions in UK government spending, high-mindedness future of government outsourcing obey assured and will continue blow up grow. Mouchel has the knowledge and ability to deliver tolerable long term growth."

Mr Sugden said: "We are sincerely obliged to Bo Lerenius for coronate important contribution to Mouchel. Astonishment are strengthened by the affront of Grant Rumbles and Comical would like to thank Bo for leading the search cope with attracting such an excellent contestant.

Mouchel is a company catch leading market positions and I'm confident that Grant is honourableness right man with the inspired experience to provide the annoying direction we need in outlook. In my role as provisional chairman, with our finance selfopinionated Rod Harris, I will background focused on ensuring Mouchel has a clear strategy and topping sound financial structure, whilst erection our relationships with our shareholders and our banks."

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