New McGill & Co management team unveiled
The new owner of McGill & Co has unveiled the team tasked with turning round the fortunes of the Dundee-based building contractor.
McGill was purchased from administration by Catalus Energy Investments last week after the firm succumbed to disputes and delays in payment for a number of significant projects.
Catalus director Graeme Carling, who is also founder and owner of private residential landlord Carling Property Group, will become chief executive officer on a temporary basis until a permanent chief executive is found.
Mr Carling will be supported by Syd Fudge, who has joined the board as non-executive group chairman. Mr Fudge has more than 40 years of business experience, including knowledge in establishing new organisations, and received the OBE for services to the oil and gas sector in Scotland.
Kevan Sturrock, who will be chief financial officer, has held senior accounting roles in oil and gas including working with accountancy firms Johnston Carmichael and PricewaterhouseCoopers. Based in the UK, he has overseen activities in the US, North Africa and Asia.
Operations director Chris Ferriday held a similar position for McGill prior to administration and will be responsible for the day-to-day management of contracts and works.
Fraser Kirk joins the Board as communications director having worked in a marketing consultancy and strategy role with communications agency, Volpa.
Harry MacLean completes the Board and will operate as director supporting the business as it streamlines procurement processes and all other operational activities. MacLean, currently managing director of Hendrik Veder Group, is an experienced director within multi-national corporations and successful supply chain & business improvement director.
Graeme Carling, who himself has over 10 years’ experience in consolidating an extremely fragmented industry, with extensive experience in raising finance, acquisitions, transactions, rapid growth and sales, said: “Since engaging with KPMG at the beginning of February, we have been working behind the scenes to pull together a team capable of leading McGill forward. Today I am excited to announce the members of that team.
“I will assume the role of chief executive officer and work with the Board to set out the strategy and lead the organisation forward, however it is my intention to fulfil this role temporarily while we look for a permanent option.”
Mr Carling added: “This is an extremely exciting time for McGill as we look to take advantage of the opportunities the market is offering us with an extremely talented and experienced management Board. We are delighted to welcome all our new board members who I know will bring their own insights and expertise from their collective decades of experience. I have no doubt they will be instrumental in helping us deliver on our ambitious plans.”