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Interserve appoints new chief executive

Interserve has appointed Debbie White as its new chief executive.

Ms White will replace current chief executive Adrian Ringrose, who announced in November that he would be stepping down after nearly 14 years at the helm of the construction and services firm.

Ms White, who is currently CEO of services firm Sodexo’s global government and healthcare business, will become Interserve’s new chief on 1 September.

Mr Ringrose will remain in the post until Ms White takes over.

Ms White has led Sodexo’s worldwide government and healthcare business since 2015.

She joined Sodexo in 2004 as chief financial officer before being promoted to CEO for UK & Ireland in 2012, where she oversaw profit and revenue growth.

Her career began at former accounting giant Arthur Andersen in the UK, before joining AstraZeneca where she held a wide range of financial roles.

She later became a director at PwC Consulting where she worked across a number of sectors in a global role.

Ms White joins Interserve with the company in a tough financial position following spiralling costs linked to its exit from the energy-from-waste market.

Last week it posted a total pre-tax loss of £94.1m for the year ending 31 December 2016, including a £3.1m operating loss in its construction business.

The firm subsequently confirmed to Construction News that its construction arm would shrink as it begun to focus more on jobs with a value of £10m and under.

Interserve chairman Glyn Barker said: “Having conducted an extensive search and selection process, I am delighted that Debbie White is joining Interserve as CEO.

“Debbie has considerable experience and expertise and a strong track record of success in running complex businesses in the international support services sector.

“I am confident that, under Debbie’s leadership, the team will deliver the change and growth necessary to take Interserve forward and enhance shareholder value.”

Ms White commented: “I am delighted to be joining Interserve. Over the years I have had a great respect for the company and its people and I am looking forward to leading the organisation into a new era.”

Interserve appoints new chief executive

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