The chief executive officer of Tilbury Douglas, Paul Gandy, is to step down in November, in preparation for his new role as president of the Chartered Institute of Building.
Set to step down on 1 November 2024, Gandy will handover to Craig Tatton, to lead the group as new CEO.
Gandy previously served in various leadership positions at firms such as Kier Group, Balfour Beatty, and Lendlease.
He Joined the Group as CEO in 2019, initially leading Tilbury Douglas through significant restructuring to reposition, and going on to establish the business as a standalone “Tier 1” contractor.
Tatton joined the group in 2017, leading the regional building businesses before taking responsibility for fitout, engineering and infrastructure.
In 2022, he stepped up to the role of Group Chief Operating Officer in preparation for the current transition.
Moving forwards, Gandy has agreed to continue as a part-time Advisor to the Tilbury Douglas Board.
Paul Gandy said: “It has been a real privilege to have led the turnaround of Tilbury Douglas and have seen the business growing again from a solid foundation.
“I thank all my colleagues, our board and our shareholders for their hard work and encouragement during that time.”
Craig Tatton said: “Our business is poised ready for its next phase, steadily broadening our portfolio of services for customers, whilst working alongside our suppliers, to enable growth of careers, profits and cash.
“People matter and I am proud that at Tilbury Douglas we remain committed not only to everyone’s safety and health but to sustainable contributions within the communities we serve.”
The leadership transition comes after a successful set of financial results for the firm, following a year since separation from Interserve Group in May 2022, operating as a solo contractor.
Turnover for the year ended 31 December 2023 was £492.8 million, up from £392 million in the prior year, generating a pre-tax profit of £2.8 million (FY2022: £96.3 million loss).
Tilbury Douglas Group chair Nicholas Pollard said: “I am delighted that the strength and depth built in our executive team has enabled this smooth transition.
“Industry knowledge, understanding of people and passion for construction combine to provide consistent direction and credible leadership throughout our company.
“Paul’s new role as the Chartered Institute of Building President will enable him to lead on a broader platform to the benefit of our industry sector and national infrastructure, whilst as CEO, Craig and his colleagues will continue leading Tilbury Douglas from strength-to-strength.
“Working together with Craig and the Board, I look forward to a bright future.”
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