Mark Loader joins the £2 billion-turnover contractor next month and will take up his position at the Morgan Est infrastructure business.
He will become managing director of capital projects and will be responsible for all projects in the current rail business unit. This includes the ongoing £80 million job to upgrade the Central line station at Shepherd’s Bush, west London, which is due to be finished at the end of the year.
He will also be in charge of its BAA framework contract, transport works at the Stratford City development in east London, and improvement works on train depots serving the South Central rail franchise, which covers London and the South-east.
Recruiting Mr Loader is a coup for Morgan Est managing director Mark Cutler. In an internal memo seen by Construction News, Mr Cutler said: “Mark’s strong track record of business growth and major project delivery, predominantly within the rail sector in the UK and overseas will be instrumental in developing the new Capital Projects business unit.”
The newly formed division will sit alongside infrastructure, utilities and tunnelling. Morgan Sindall declined to comment but is expected to unveil the news next month.
The restructure comes after a number of troubled months for Morgan Est’s rail division, which culminated in April after it was pipped to the £70 million revamp of Farringdon station in London - part of Network Rail’s Thameslink upgrade - by a Laing O’Rourke/Costain joint venture.
Morgan Est has also recently lost out to Taylor Woodrow on a number of jobs in the capital for both Network Rail and London Underground.
In 2007 Morgan Sindall reported that operating profits at Morgan Est doubled to £10.6 million helped by spending from clients such as Network Rail and the Highways Agency.
The creation of the new division is the second in as many months at Morgan Est. In May, the firm appointed Cameron Cromwell as the managing director of the company’s new Programme Management Services business. Mr Cutler said the division would offer its customers a tailored management consultancy service.
He added: “We are looking to better support our customers with enhanced project, programme and integration management services.”
The infrastructure division is Morgan Sindall’s largest, employing more than 3,000 people. Along with its construction operations, the arm made up more than half of last year’s £2.2 billion turnover. The pair made about a quarter of last year’s pre-tax profit of £57.6 million.
Its other businesses focus on fit-out work, affordable housing and urban regeneration which it picked up with last year’s acquisition of Amec.
Mark Loader CV
Mark Loader graduated from Southampton University with a degree in mechanical engineering and began his career as a senior mechanical engineer for British Rail.
He worked in America and Australia as a senior consultant before returning to the UK to become an associate for US consultant Booz Allen Hamilton.
In 1999 he moved to Canada’s largest engineering and construction company SNC Lavalin where he led the marketing and systems area of the transport division.
He then joined KBR as a director before switching to Metronet in 2005.
Metronet looks after the Bakerloo, Central and Victoria lines as well as the sub-surface routes. Mr Loader is currently responsible for £3.5 billion of sub-surface line work.