Time for change at shopfitter
Havelock seeks chairman to replace MacLellan
Mr MacLellan’s departure will follow a year of upheaval at the company which laid off more than 50 workers at its head office in Kirkcaldy.
He told shareholders at today’s annual meeting that after six years on the board, four as chairman, it was time for change.
“I have overseen a number of important developments including the appointment of a new CEO, a new FD and a refreshed senior management team,” he said.
“I feel that now is a good time for me to step down. To this end, I have asked my colleagues under the direction of Richard Sweetman to commence the search for an external candidate to assume the role of chairman and I would hope that this can be concluded by the end of this year.”
Updating shareholders on progress he said the restructuring of the business continues, including medium-term goal of diversifying the customer base.
He said it is benefiting from a strong, largely public sector, order book and the board expects first half performance for 2016 to remain in line with expectations.
“However, the business continues to have a high dependency on second half orders and whilst the public sector is performing well, visibility within the retail and leisure sector is less clear.
“This situation makes predictions for the second half of the year difficult but nevertheless the board currently believes, in the light of the actions taken and the strategy being pursued, that performance for the full year will also remain in line with our expectations.”
As announced in April, Alastair Kerr has resigned as a director.
All resolutions at today’s meeting were passed.