Severfield chief executive Ian Lawson has temporarily stepped down from the role and taken a leave of absence due to physical ill health, the firm has announced.
Chairman John Dodds has agreed to take on the day-to-day running of the Yorkshire-based structural steel specialist and will act as executive chairman on an interim basis.
Mr Dodds was executive chairman for eight months in 2013 prior to Mr Lawson’s (pictured) appointment.
Finance director Alan Dunsmore has agreed to assume the role of interim chief executive while Adam Semple, current group financial controller, will temporarily take on the responsibilities of finance director.
In a statement, Mr Dodds said: “I will work closely with Alan and the wider team during this time and in the meanwhile, on behalf of the board and everyone at Severfield, I would like to wish Ian a full and speedy recovery.”
In a trading update today, the firm said its order book remained robust at £267m, with performance for the year to 31 March 2017 ahead of expectations.
In a statement, Severfield said: “The pipeline of potential projects remains steady although, as previously highlighted, we expect the mix of commercial projects to be at more normal levels over the coming months.
“Both order book and pipeline performance remain consistent with our objective of doubling profits by 2020.”
The steelwork specialist last year posted an improved pre-tax profit of £8.1m for the six months to 30 September 2016, up from £4.8m a year earlier, while revenue edged up to £118.2m from £117.1m.