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Shepherd boss Richard Vining leaves company

The chief executive of Shepherd Construction Richard Vining has left the company to “pursue opportunities outside the business”.

Mr Vining was appointed to the role in autumn 2010, prior to which he served as managing director of the South division.

He replaced Allan McDougall who moved to a new role at the Shepherd Group’s head office.

Mr Vining has been pursuing a strategy of developing the company’s presence in London and the South-east with moderate success. 

The construction division’s turnover grew from £185.2m in 2010 to £251.3m last year.

The £4m operating profit in 2011 was the highest in the company’s history and compared to a £2.1m loss in 2010.

Shepherd has yet to clarify the reasons for Mr Vining’s departure but in a statement released by the company, group building environment chief executive Mark Perkins was announced as his immediate successor until further notice.

Mr Perkins said:  “Richard leaves with our thanks for having been part of the team that has worked hard to help develop our construction activities over the last 18 months.

“Shepherd Construction has made great progress and the company’s profitability and resilience is proving strong in the current economic climate. We will continue our strategy to improve this further as we look to grow the business and diversify into new sectors.”

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