The Severfield board has announced today that, after more than seven years as chief executive, Alan Dunsmore has “by mutual consent agreed to step down”.
While 55-year-old Dunsmore will remain an employee of Severfield until 30th June, interim leadership arrangements have already been put in place, pending the arrival of a replacement. Boardroom chair Charlie Cornish will guide the interim executive team led by Rob Evans, divisional managing director of Severfield’s largest division, Commercial & Industrial, and chief financial officer Adam Semple.
Charlie Cornish said: “On behalf of the board, I would like to thank Alan for his commitment to Severfield over the past 15 years and for the last seven years of dedicated leadership as CEO. Alan has been pivotal in shaping our purpose, strategy and values, driving growth both organically and through acquisitions.
“Moving forward the Board and the executive team will build on Severfield’s market leading position in the UK and growing presence in Europe and India, driving strategic progress on manufacturing efficiency and project delivery, positioning the group for further growth and long-term shareholder returns.”
Alan Dunsmore said: “It has been a privilege to spend 15 years of my career at Severfield and to have led the development of the business in the UK, Europe and India. Now is an appropriate time to hand over to a new CEO to build on Severfield’s unique strengths and accelerate the growth of the business.”