Severfield chief executive Alan Dunsmore is to step down, the firm announced today, less than a month after the firm issued a profit warning.<\/p>\n
The UK\u2019s largest steel contractor<\/a> said that Dunsmore would leave the firm by mutual consent with the board after 15 years at the end of June.<\/p>\n On 3 March, Severfield issued a profit warning, blaming a delayed \u201clarge project\u201d and hits to client confidence.<\/p>\n Severfield chairman Charlie Cornish said: \u201cOn behalf of the board, I would like to thank Alan for his commitment to Severfield over the past 15 years and for the past 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.\u201d<\/p>\n Dunsmore said: \u201cIt 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\u2019s unique strengths and accelerate the growth of the business.\u201d<\/p>\n The board has begun a search process to find his successor.<\/p>\n In the meantime, Cornish will support and guide the interim executive team led by Rob Evans, the divisional managing director of Severfield\u2019s largest division, Commercial & Industrial, and chief financial officer Adam Semple.<\/p>\n