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Bouygues UK replaces chief executive and CFO

Exclusive: Bouygues UK’s chief executive and chief financial officer have left the business and been replaced with internal appointments.

Former CEO Lionel Christolomme, who took over the UK business in February 2016, has resigned and left Bouygues Group after 28 years with company.

The firm said Mr Christolomme had returned to France to “pursue other opportunities”.

He has been replaced by Rob Bradley (pictured), who has worked as a regional manager for the firm since 2012.

Olivier Crillon has also stepped down as CFO of the UK business, having held the position since June 2015, and has left the Bouygues Group as well.

He has been replaced by Jean Luc Midena, who was working as regional CFO for Bouygues Group subsidiary VSL/Intrafor in the Far East.

Bouygues UK chairwoman Fabienne Viala said: “This is an exciting time for Bouygues UK, when our focus on sectors and projects that enable us to add value through our technical expertise, skills, experience and collaboration with our colleagues across the global Bouygues Group are bearing fruit.”

Bouygues UK, which is the largest UK subsidiary of the French construction giant, has suffered significant losses in recent years.

The firm made a £78.5m loss on turnover of £555.6m in its most recent filed accounts for the year to 31 December 2016, which saw the parent company inject £79m in equity into business.

The 2016 loss followed on from a £19.5m pre-tax loss in 2015.

Last October Ms Viala said the losses had been incurred on projects that were completed in 2016 and early 2017, and that the firm would return to profitability in its 2017 results.

In the past 12 months Bouygues UK has won significant construction contracts for Cardiff and Cambridge universities.

Construction News revealed in February that the company was set to win a £105m contract to build a new town hall and civic centre for Tower Hamlets in east London.

The management overhaul at Bouygues UK follows a change at Bouygues Group subsidiary Colas, where CEO Lee Rushbrooke stepped down in June after seven years with the firm.

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