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.

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.

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.

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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.

MF