Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Interserve brings in ex-Balfour boss Nick Pollard

Former chief executive of Balfour Beatty’s UK construction arm Nick Pollard will join the board of Interserve as a non-executive director, the contractor has announced.

Mr Pollard is currently the group CEO of energy-from-waste firm Cory Riverside Energy, which he joined in 2015 following a two-year stint as Balfour’s UK construction head.

Mr Pollard began his tenure at Balfour Beatty in 2012 shortly after the contractor issued a shock profit warning.

During his time at the firm he worked alongside Leo Quinn as he established its Build to Last turnaround plan.

However, his role was downsized in a management shake-up in 2015 following an independent review of the business by KPMG.

Mr Pollard also joined Cory while it was in the midst of financial difficulties, with the business posting a £46.9m loss the year before his arrival.

Having agreed several debt re-financing deals with lenders, the company was sold last month to a consortium of infrastructure investors.

According to his LinkedIn profile, Mr Pollard also founded and runs his own business Xanadu Associates: a consultancy targeting company and project turnarounds.

Mr Pollard has previously held positions at Railtrack, Network Rail, Skanska, Bovis Lend Lease and Navigant.

He is a member of the CBI Infrastructure Board, adviser to the Water Industry Commission for Scotland, and a board member of the Environmental Services Association.

Interserve chairman Glyn Barker said: “He brings a wealth of relevant experience which will be of great value to the Interserve board.”

Earlier this month Interserve CEO Debbie White revealed the government had given Interserve a red rating as a strategic supplier, meaning it had “significant material concerns” about the company.

The contractor also confirmed that its construction business’ strategic projects managing director Jeremy James had left the business.

Readers' comments (1)

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.