4th Dec 2018 09:06
LONDON (Alliance News) - James Fisher & Sons PLC said Monday that its chief executive officer for 15 years, Nick Henry, will retire from the company by the end of December 2019.
The FTSE 250-listed marine engineering services provider said the amount of notice given by Henry "ensures there is sufficient time to allow a thorough" search process which will allow for a "smooth transition".
James Fisher said the search process will take place "both internally and externally".
Henry has been at James Fisher for 16 years, all but one of which as CEO.
Chairman Malcolm Paul said: "Nick's track record as chief executive speaks for itself. He has overseen strong organic growth, particularly in our Marine Support and Specialist Technical divisions, and successfully completed a number of niche acquisitions. Nick will continue to deliver our consistent strategy during the coming financial year as we manage the transition to a new leadership."
Shares in James Fisher were down 3.1% Monday morning at 1,604.00 pence each.
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