Alfred McAlpine chief to step down

12 April 2012

INFRASTRUCTURE services group Alfred McAlpine has reported a 12% rise in 2001 profit from continuing operations, and said the current year had started well.

Profit before tax, goodwill and amortisation in its infrastructure services businesses rose to £23.2m. Total pre-tax profit including a nine-month contribution from the homes business, the sale of which was completed in October, was £63m.

Chairman Terence Harrison said in a statement that he would be retiring in May, and will be replaced by the current chief executive, Oliver Whitehead. The new CEO will be announced later in the year. Whitehead will act as CEO and chairman from May to the end of the year.

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