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Interserve finance chief quits after seven years

Interserve is on the hunt for a new group finance boss as current incumbent Tim Haywood is quitting after seven years with the firm. 

Construction News understands that Mr Haywood, who is also Interserve’s head of sustainability, is leaving to set up his own business venture with his family.

He will step down from Interserve’s board on 1 September, but remain with the firm until 30 November.

A recruitment process to find a replacement has started and an “announcement will be made in due course”, Interserve said. 

Mr Haywood’s departure comes four months after the construction and support services firm revealed it had appointed Sodexo’s UK and Ireland chief, Debbie White, as its new group chief executive.

Ms White will take up the role on 1 September, replacing Adrian Ringrose, who announced his departure last November. 

In its last full-year, Interserve reported a £94.1m pre-tax loss caused by spiralling costs from its exit from the energy-from-waste market.

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