{"id":492927,"date":"2024-01-23T09:56:44","date_gmt":"2024-01-23T09:56:44","guid":{"rendered":"https:\/\/www.constructionnews.co.uk\/?p=492927"},"modified":"2024-01-23T09:56:44","modified_gmt":"2024-01-23T09:56:44","slug":"ex-carillion-boss-joins-us-tech-firm-after-uk-director-ban","status":"publish","type":"post","link":"https:\/\/www.constructionnews.co.uk\/contractors\/carillion\/ex-carillion-boss-joins-us-tech-firm-after-uk-director-ban-23-01-2024\/","title":{"rendered":"Ex-Carillion boss joins US tech firm after UK director ban"},"content":{"rendered":"<p>Former Carillion chief executive Richard Howson has become president of a Florida-based energy tech company, months after being banned from directing UK companies.<\/p>\n<p>Howson was the chief executive of Carillion from December 2011 to July 2017 \u2013 six months before the UK\u2019s second-largest construction company entered liquidation with \u00a37bn of liabilities and \u00a329m of cash.<\/p>\n<p><a href=\"https:\/\/www.constructionnews.co.uk\/sections\/contractors\/carillion\/former-carillion-boss-handed-director-ban-05-10-2023\/\" target=\"_blank\" rel=\"noopener\">In October<\/a> Howson was banned from being a director of a UK company for eight years. The Insolvency Service said that while he led Carillion, the company had published \u201cmisleading\u201d market announcements, \u201cfalse accounting\u201d and results that \u201cfalsified and concealed\u201d the reality of problem jobs.<\/p>\n<p>Howson has now become president (construction) for TECfusions, working onsite at its office in Tampa, according to his <a href=\"https:\/\/www.linkedin.com\/in\/richard-howson-b98180a4\/\" target=\"_blank\" rel=\"noopener\">LinkedIn profile<\/a>. <em>Construction News<\/em> contacted the company to confirm the appointment, which was first reported by <a href=\"https:\/\/www.theguardian.com\/business\/2024\/jan\/19\/disgraced-ex-carillion-boss-senior-us-role-uk-boardroom-ban-richard-howson\" target=\"_blank\" rel=\"noopener\"><em>The Guardian,<\/em><\/a> but had not heard back by the time of publication.<\/p>\n<p>TECfusions <a href=\"https:\/\/tecfusions.net\/\" target=\"_blank\" rel=\"noopener\">describes itself<\/a> as a \u201cresponsible technology creation firm\u201d that operates in data-centre ownership, maintenance and design, as well as carbon capture, turbines and hydrotreated vegetable-oil fuel.<\/p>\n<p>The company also says it aims to \u201cchange the face of technology industry [sic] by being changemakers\u201d including through its \u201ccorporate culture, strong core values and professional excellence\u201d.<\/p>\n<p>TECfusions was founded in 2023 and has between 11-50 employees, according to its <a href=\"https:\/\/www.linkedin.com\/company\/tecfusions\/\" target=\"_blank\" rel=\"noopener\">LinkedIn page<\/a>.<\/p>\n<p>Howson was also <a href=\"https:\/\/www.constructionnews.co.uk\/sections\/contractors\/carillion\/former-carillion-bosses-facing-870000-fines-over-misleadingly-positive-accounts-28-07-2022\/\" target=\"_blank\" rel=\"noopener\">provisionally fined \u00a3397,800<\/a> by the Financial Conduct Authority, which criticised Carillion\u2019s misleading financial statements. However, the Upper Tribunal is yet to determine whether to uphold the fine.<\/p>\n<p>The FCA said the proposed fine for Howson and two other former executives was in respect of \u201cmisleadingly positive statements about Carillion\u2019s financial performance generally and in relation to its UK construction business in particular\u201d.<\/p>\n<p>Rudi Klein, former chief executive of the Specialist Engineering Contractors\u2019 Group, which represented hundreds of Carillion suppliers, told the <em>The Guardian<\/em>: \u201cThe consequences [of Carillion\u2019s collapse] for thousands upon thousands of suppliers were that either they went under themselves, or they lost phenomenal amounts of money.<\/p>\n<p>\u201cThey will be appalled, they would have been thinking, \u2018OK, that\u2019s it, at least this guy and his colleagues can\u2019t be involved in the management of a company any more\u2019, now they find this out, there will be a lot of anger.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Carillion chief executive Richard Howson has become president of a Florida-based energy tech company, months after being banned from directing UK companies. Howson was the chief executive of Carillion from December 2011 to July 2017 \u2013 six months before the UK\u2019s second-largest construction company entered liquidation with \u00a37bn of liabilities and \u00a329m of cash. &#8230;<\/p>\n","protected":false},"author":90383,"featured_media":373322,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false},"categories":[531,2167],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<meta name=\"description\" content=\"Former Carillion chief executive Richard Howson has become president of a Florida-based energy tech company, months after being banned from directing UK\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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