The Finance Director of FTSE 250 waste management group Shanks is to leave the board in the summer to join transport firm FirstGroup, the companies announced on Monday.
Chris Surch, who joined Shanks in May 2009, has held senior financial roles previously at Smiths Group and TI Group. "Together with a strong track record of financial leadership and budgetary planning, he has extensive operational, strategic and international experience," FirstGroup said.
He will remain with Shanks until August 31st to ensure a smooth handover to his successor, who has yet to be found.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"We are grateful to Chris for the contribution he has made in helping to develop Shanks during the last three years. The company is in a significantly stronger position than it was in 2009, and Chris has played an important role in this journey," said Shanks's Chief Executive Peter Dilnot.
In a FirstGroup statement, Surch said: "I am delighted to be joining FirstGroup as group Finance Director. As the leading transport operator in the UK and North America with strong positions in its core markets and a clear focus on strengthening the business for the future, this is an exciting challenge."
BC
-
UK-US trade deal announced: US cuts tariffs on UK car imports to 10%Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?
-
How to use mid-caps to diversify from the USMedium sized companies are overlooked by investors but could offer an attractive ‘sweet spot’. We consider the case for mid-caps amid market volatility.
