Fulcrum Utility Services names Interim CEO

AIM-listed Fulcrum Utility Services has appointed Martin Donnachie as Interim Chief Executive following the departure of Chief Executive John Spellman.

AIM-listed Fulcrum Utility Services has appointed Martin Donnachie as Interim Chief Executive following the departure of Chief Executive John Spellman.

The company said that Donnachie would serve as Interim Chief Executive for a minimum of six months whilst Fulcrum sought the appointment of a full time Chief Executive to lead the business in the long term.

Advertisement - Article continues below

Donnachie held previous interim leadership roles and, prior to that, 12 years of experience in the house building and construction services sectors, most recently with George Wimpey and Rok, the company said.

Phil Holder, Chairman of Fulcrum, said: "I would like to thank John for his work with the company over the last three years. The board is committed to helping the company deliver its strategy and I look forward to working with Martin and the senior management team to continue to build Fulcrum into a leading utility services business underpinned by first class engineering expertise and exceptional customer service."

Fulcrum Utility Services is a holding company for Fulcrum, a utilities organisation that provides gas and multi-utility infrastructure design and technical engineering.

Fulcrum Utility Services' share price was unchanged at 8.75p at 11:16 on Tuesday.




Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular


The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020

This chart pattern could be extraordinarily bullish for gold

The mother of all patterns is developing in the gold charts, says Dominic Frisby. And if everything plays out well, gold could hit a price that invest…
1 Jul 2020

House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020