Tim Beale has been promoted to the position of Chief Executive Officer by housebuilder Keepmoat Homes, after previously serving as Deputy Chief Executive since February 2018. He joined the firm in 2007 as Chief Operating Officer. He succeeds James Thomson, who stepped down as Chief Executive following seven years in the
Arcadis has announced that Neil McArthur, Chief Executive since May 2012, is to leave the firm by mutual agreement. The Arcadis supervisory board and McArthur agreed to a separation due to a difference of opinion over the future direction of Arcadis. The board will now begin the search for a
Tim Beale has been promoted to the position of Chief Executive Officer by housebuilder Keepmoat Homes, after previously serving as Deputy Chief Executive since February 2018. He joined the firm in 2007 as Chief Operating Officer. He succeeds James Thomson, who stepped down as Chief Executive following seven years in the role but remains on the board as a non-executive director. “After seven years with the Keepmoat Homes I have taken the decision to step down as Chief Executive. I will remain involved with the business on the board as a non-executive director and am delighted that Tim will be stepping up as the Chief Executive Officer. I am fully confident that under Tim’s leadership the business will continue to go from strength to strength,” said Mr Thomson. Speaking of his appointment Mr Beale said: “I’m pleased to be taking over the role of Chief Executive Officer at Keepmoat Homes and thank James and the Board Members for this opportunity. Over the last 12 months I’ve worked closely with James and the wider management team to ensure we are consistently delivering quality new homes in the places where people need them. “Over the next year we are focusing on our operations and plan to deliver over 4,000 new homes utilising both traditional and modular construction to help meet the country’s housing needs. We will also start on site on a number of transformational projects such as Sighthill in Glasgow, Ebbsfleet in Kent and the Waterside in Leicester. These developments are long term commitments to the regeneration of key UK cities and towns which embrace their heritage but build for their future – building communities and transforming lives,” he added.
Arcadis has announced that Neil McArthur, Chief Executive since May 2012, is to leave the firm by mutual agreement. The Arcadis supervisory board and McArthur agreed to a separation due to a difference of opinion over the future direction of Arcadis. The board will now begin the search for a new chief executive, while Renier Vree, currently Arcadis chief finance officer, will serve as chief executive on an interim basis with immediate effect. Arcadis has also stated that it had suffered a challenging third quarter caused by weakness in emerging markets and the sharp fall in Sterling. This resulted in the compnay’s operating income falling by 34% to €43m, missing market forecasts. In the UK, which accounts for 17% of the company’s overall revenue, Arcadis suffered a fall in turnover, primarily as a result of a 9% currency effect. Net revenues grew organically at 3% because of improved growth in infrastructure and water, however buildings revenue fell as a result of Brexit-related delays in clients’ investment decisions. Signalling further changes to come at Arcadis, interim chief executive Renier Vree commented: “We will continue to focus on winning work with our clients and cash collection. Furthermore we will step up the pace in aligning our cost structure to the new market realities and simplify the organisation. The strategy process remains ongoing and we will disclose our strategy update at the beginning of 2017.” Commenting on his decision to step down as chief executive, Neil McArthur said: “I am proud of what we have achieved as a company over the past five years. Together, we have expanded our core business organically and through acquisitions, going from a €2bn 15,000 people organisation in 2012, to a €3.4bn global multinational with 27,000 people under a single global brand, with a collaborative structure and culture. Now it’s time for someone else to lead Arcadis through the next stage of our journey. I have no doubt that our people will continue to deliver exceptional and sustainable client solutions, and improve quality of life across the globe.”
