12 August 2014 | Updated 01 January 1970
Pictured: Kevin Craven, CEO of Balfour Beatty Services, has handed in his ticket to join Serco as CEO, UK Central Government division
Rupert Soames, Serco Group Chief Executive Officer, said this morning (Tues 12 Aug): "As expected, trading was poor in the first half. Profits were in line with our revised expectations and cash flow and net debt were better. We are making good progress with our Strategy Review, and in rebuilding trust and confidence with the UK Government. Many challenges remain and we have a lot of work to do but I am confident that, in time, we can restore the company's fortunes."
Newbies
"Good progress has been made strengthening the organisation structure and leadership. Angus Cockburn, currently Interim Group CEO at Aggreko, will be joining us as CFO in October; Kevin Craven, CEO of Balfour Beatty Services, will join in September as CEO of our UK Central Government division; Liz Benison, previously VP and General Manager of Computer Science Corporation's UK business, will be joining as CEO of our UK & Europe Local & Regional Government division also in September; and David Eveleigh, General Counsel of BT Global Services, will join as Group General Counsel and Company Secretary in November. These are strong appointments.
"We have also moved to simplify and rationalise our Group structure in the AMEAA region."
Figures
A half-year report says Serco's 'Revenue' is steady but profitability is down.
Serco was hit hard by its UK scandals but made good ground in the US and AMEAA.
The firm saw £2.5bn of contract awards in the reporting period.
Article written by Brian Shillibeer | Published 12 August 2014
Share
Related Articles
Mercury Rising, Straw Dogs, Hot Fuzz, Top Guns, The Crown & Vikings
We've got an FM Digest so good you'd almost want to make a movie out of it. Mercury have taken the Almac contract; Elior are eliminating plastic straws; Tenon are...
Read Full Article
Skanska Wins Contract for 20 Ropemaker Street
Skanska has won a £240 million contract to construct 20 Ropemaker Street in Central London for Great Elm Assets Limited, in association with Old Park Lane...
Read Full Article
X Marks The Spot Of The Tallest Tower In Town
The City of London Corporation has approved 1 Undershaft - AKA The Trellis - which will be the second tallest building in the Capital after The Shard and thus the second...
Read Full Article
Airline Company Guilty For Unsafe Operation of Passenger Lift
Flybe, the airline company, was sentenced on 4 February 2020 for the unsafe operation of a passenger lift. Meanwhile, a number of other firms have found themselves...
Read Full Article
A Top Ten Guide To Making Your Venue More Accessible
Eight venues have received awards from the disabled access charity Euan’s Guide for their work welcoming disabled visitors – and this prompted ThisWeekinFM to...
Read Full Article
Tackling The People Challenge Through Technology
Report - CBRE and ThisWeekinFM recently lead a delegation of experts to provide a briefing on technology in workplace and real estate strategy.
The breakfast briefing...
Read Full Article
Net Zero Rush-Through Criticised By Lords, Forum Claims
The Global Warming Policy Forum has claimed the House of Lords has rebuked the Government for rushing through a commitment to a Net Zero economy.
The Forum refutes the...
Read Full Article
Holland Match - It's All Gone Gooee Over There
ProptTech history has been made with global M&E firm Croonwolter&dros agreeing to connect the 5,000 commercial buildings it runs in the Netherlands to the...
Read Full Article
'IRA' Claim Parcel Bomb Responsibility In Correctly Coded Call
A claim has allegedly been made on behalf of the ‘IRA’ for the parcel bombs that were delivered to premises in the UK - using a recognised codeword.
A call...
Read Full Article
Emcor UK Takes Insurance On TFM Contract
Emcor UK, has been awarded a contract with multinational insurance company RSA Insurance Group which is being described as a total facilities management contract. It will...
Read Full Article