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Dave Sheridan leaves Engie Regeneration

Exclusive: Dave Sheridan has stepped down as chief executive of Engie Regeneration.

Construction News understands Mr Sheridan left the company at the end of last month.

He joined Engie when it bought Keepmoat’s regeneration business for £330m in April 2017, at which time he was CEO of the Keepmoat group.

Engie UK chief executive Wilfrid Petrie said it had been “a pleasure” working with Mr Sheridan, who had been “paramount to the success of our new Places & Communities division”, and that he had “supported a smooth transition” since the takeover.

An Engie spokeswoman said Mr Sheridan had left the company “for a new role”.

Prior to the Engie buyout, Mr Sheridan had been Keepmoat CEO since October 2012.

He stepped into the role nine months after the company merged with Apollo Property Service Group, where Mr Sheridan had also been CEO.

Prior to that he was a managing director at Kier.

Engie Regeneration’s last filed accounts showed the company made a £72.7m pre-tax loss for the 18 months to 30 September 2017 on turnover of £665.8m.

The significant loss was primarily due to a writedown on an investment in a subsidiary that Engie decided to wind down after it bought Keepmoat Regeneration.

Engie has now appointed two chief operating officers for its Places & Communities division – which encompasses the regeneration business – who will report directly to Engie UK CEO Mr Petrie.

Sam Hockman will serve as COO for the southern region and Martin Smithurst will be COO for the northern market.

Both are internal promotions.

In the summer Engie was appointed to the Mayor of London’s £20bn development panel, which is designed to make it quicker for public landowners to bring forward sites for housing.

The firm also won a spot on a £300m North-east housing framework in April this year.

Mr Sheridan has been contacted for comment.

 

 

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