Interserve's Dougie Sutherland to step down

Writer, Stock Market Wire
Tuesday, February 12, 2019 - 08:44

Support services group Interserve said Dougie Sutherland, Managing Director of the Developments Division, would be leaving company on 28 February.

'I would like to thank Dougie for his contribution to Interserve over the last 12 years and particularly for his support during the last 18 months, during which time he has led a range of initiatives and changes which will contribute to our future success,' said Debbie White, CEO of Interserve.

'I have enjoyed working for Interserve and while I am leaving the company I am pleased to have contributed to the 'Fit for Growth' programme which I am sure will be a foundation for the future success of the company,' said Dougie Sutherland, Managing Director of the Developments Division.

At 8:44am: (LON:IRV) Interserve PLC share price was -0.06p at 11.16p


Related content

Interserve outlines plan to cut debt, shore up balance sheet

Interserve on Wednesday said it would raise funds through the placing of shares as it outlined plans to cut debt to shore up its balance...

Wed, 27/02/2019 - 10:18


Interserve to raise £480m of equity in plan to cut debt

Outsourcing group Interserve said it had agreed the commercial terms of a debt-reduction plan with its lenders.

The plan would see the company cut net...

Wed, 06/02/2019 - 13:56


Interserve plans share issue to cut debt load

Public sector services supplier Interserve said it planned to issue new shares in the company to cut its cumbersome debt pile.

The company had warned...

Fri, 21/12/2018 - 13:12


Going, going, gone? Lessons for investors on why businesses fail

Author: 

Looking back over 2018, the list of UK companies which have gone bust or entered into voluntary restructuring looks like the kind of Christmas reading...

Thu, 20/12/2018 - 00:00


Interserve, WPP, Ted Baker, Berkeley and more news from the past week

Author: 

Outsourcer Interserve’s (IRV) deleveraging proposal (10 Dec) saw more than 70% wiped off its market value at one stage.

Plans to launch a...

Thu, 13/12/2018 - 00:00