The head of Morgan Sindall’s London construction business will step down from his post after 40 years in the construction industry.
Head of London and aviation Peter Jacobs, 58, will take early retirement next year for personal reasons, Morgan Sindall has confirmed.
Former Bovis [Lend Lease] and Olympic Athletes Village delivery director Mr Jacobs told Construction News in May that Morgan Sindall was looking for “hundreds of millions of pounds of turnover” in London, adding the company works on a three and five-year horizon.
The London business grew from a turnover of £6m with 15 people when Mr Jacobs joined in 2011 to £60m with more than 100 people last year.
Morgan Sindall managing director Graham Shennan said: “Peter has done a tremendous job developing our construction offering in the capital and will leave with our best wishes.
“We are in the process of recruiting a replacement to help us make the most of the London market, which continues to present growth opportunities.”
Morgan Sindall fit-out managing director Steve Elliott has also left the firm and was replaced by the division’s chief operating officer Chris Booth, who has been with the group for 19 years.
A spokesperson added: “We would like to thank Steve for his huge contribution and we wish him well for the future.”
Click here for the full Construction News interview with Peter Jacobs from May.