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Mace to hit £1 billion turnover by end of 2012

Mace is set to hit a £1 billion turnover by the end of the 2012 calendar year, it said today.

The consultancy and construction firm, which saw the completion of the Shard and helped deliver the London Olympics in 2012, also confirmed the succession of Mark Reynolds as chief executive.

As reported by CN last year, Mr Reynolds will succeed Steve Pycroft on 1 January 2013.  Mr Pycroft will continue as executive chairman.

Mace also said today that Jason Millett – the CEO and Programme Director of CLM, the Delivery Partner to the Olympic Delivery Authority - and construction managing director Mark Castle are being promoted to the group board on the same date.

Mace, which now employs 3,700 people, revealed its ambition to become a £1bn turnover firm last year.

Mr Pycroft, chairman and chief executive, said: “2012 has been an amazing year for Mace.  Due to our people’s hard work and the trust our clients place in us we expect to report turnover of £1bn for the calendar year 2012, a target we set in 2006.

“We have completed The Shard, western Europe’s tallest building, with a multitude of ‘firsts’ for the construction industry and an award-winning safety record. We have also in just over 12 months, designed, built and now operate the Emirates Air Line, to give London the UK’s first urban cable car.”

Mr Reynolds, who has been with Mace since 1996 and been deputy CEO for three years, said he is “thrilled” with his succession, and paid tribute to Mr Pycroft.

“He has led the company with vision, determination and passion and I take over as chief executive with Mace in its strongest position since it was founded 22 years ago.  I look forward to working with him and the Board as we grow and develop the business.

“While 2012 was a momentous year for the company, 2013 is equally exciting.

“We are bringing together our five London offices to create one global headquarters in the heart of the City of London at 155 Moorgate, which will be a fantastic hub for our people to be more innovative and drive greater efficiency throughout Mace.”

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