Winner: Adrian Ringrose, chief executive, Interserve
This year’s entrant into the Construction News Awards Roll of Honour is Interserve chief executive Adrian Ringrose.
His award is in recognition of the growth Interserve has achieved under his stewardship, the company’s low staff churn and ambitious expansion plans.
Since becoming CEO at the age of 35, the group has developed significantly, increasing staff numbers from 15,000 to more than 50,000. The business operates in 20 countries worldwide, providing services to commercial and industrial clients and governments alike.
Mr Ringrose is one of the few chief executives of a top 20 contractor to have joined the company from outside the industry, having started his career at London Electricity.
He joined Interserve in 2000 following the acquisition of the Building & Property Group, with a background in commercial management and business development.
“His passion for the industry is evident, as is his pride in his staff”
He is an adviser to the University of Liverpool, is a member of the CBI president’s committee and was for four years chairman of the CBI’s Public Services Strategy Board until late 2013.
Interserve has grown in Mr Ringrose’s 11 years as CEO, the majority of which has been at an extremely difficult period for the industry.
The contractor’s pre-tax profits were up 7.7 per cent to £81.1m in 2013, while turnover grew at a record rate to almost £2.2bn.
Mr Ringrose has pursued a clear strategy for growth, focusing on achieving a balance between the different parts of the business. Growth in the FM business was a strategic part of that.
As Mr Ringrose told Construction News last month: “They say war is the mother of invention; in business, a downturn is when you need to start challenging the norms and to force yourself to think differently.”
He is dedicated to tackling the skills crisis facing the industry, through hiring graduates and apprentices, and training great people to become tomorrow’s construction leaders.
This sees the firm deliver almost 5,000 training days a year, and Mr Ringrose is also committed to sharing this training with its supply chain.
His passion for the industry is evident, as is his pride in his staff: “We build buildings and infrastructure that society relies on; we’re not unique but what our people do matters and I’m really proud of that and proud to be part of a team that can make that happen.”
Through acquisitions and an increasing commitment to support services and facilities management, Mr Ringrose has guided the company’s growth and developed a business that offers clients multiple disciplines.
Close to 85 per cent of Interserve’s turnover comes from repeat business or frameworks.
Mr Ringrose says he is open to further acquisitions as he strives to give Interserve clients a wider offering.
He says: “I can’t rule it out because I’m not finished growing yet. If we think we’re finished growing then it’s time to pack up.”