Know what you want? Try our 'Supplier Directory' 

Worthington Nicholls makes Beart CEO

The management of Worthington Nicholls has appointed Simon Beart as its chief executive, with Thomas Good as finance director and Ian Mann as deputy chairman.
Interim finance director Christopher Neilson, corporate director David Levis and non-executive director Stephen Mulligan resigned as directors for the ac installer immediately after Beart's appointment last Thursday (November 22).

Alastair Stoddart will resign as chairman of the firm and will be succeeded by Rodney Mann at the next AGM expected early next year.

The efforts of shareholders, who had called for the removal of the company's management, were rewarded with the news.

A company statement said 'The board believes that the long-term drivers of the group's business, including global climatic change, the resultant legislative changes and the demand for air conditioned environments from consumers, remain intact.

'In Messrs Beart, Good and Mann the Board believes it has the team capable of bringing stability to the business and, thereafter, of building a business capable of taking advantage of these opportunities and rebuilding shareholder value'.

Earlier this year, the Beart, Good and Mann worked together to manage software company XKO group.

Trouble for Worthington Nicholls began in June when its turned up a pretax loss. Changes to its management began with chairman Mark Worthington being replaced by Alaistair Stoddart.

The board has decided to stop making any further acquisitions until the newly acquired companies are fully integrated into the group, stabilise trading performance and strengthen the board.

The firm has identified key steps to improve the business including better management of contracts, reviewing under performing businesses and centralising core skills.
27 November 2007

Comments

Already Registered?
Login
Not Yet Registered?
Register

Attitudinal shift towards low carbon heating as energy concerns take hold

Samsung has announced the results of a study which revealed that the UK might be nearing a tipping point on attitudes towards low carbon heating solutions such as heat pumps.

Some 78% of heating industry professionals said demand for heat pumps had increased in the last five years, with seven out of 10 professionals now seeing heat pumps as a more viable solution versus a few years ago.

 

  01-Dec-2022

Combat launches range of Elite Pro Unit Heaters

Combat Heating Solutions, Europe’s leading developer and manufacturer of energy efficient warm air heating and radiant systems, are delighted to introduce you to their range of Elite Pro Unit Heaters, Models EPU 30-115kW, one of the most effective ...

  02-Dec-2022

If you need to open a Solenoid Valve manually, you need a SVOM!

If you need to open a Solenoid Valve manually, you need a SVOM!
  22-Oct-2021
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR

Diary