Costain picks new chair

Costain has picked the former chief executive of energy giant E.ON as its new chairman, joining from next month.

Paul Golby (pictured) will succeed David Allvey in the role from after Costain’s general meeting on 5 May.

Golby is also chairman of Nats Holdings, non-exec director at National Grid and a member of the prime minister’s Council for Science and Technology. During his career he has help managerial roles at a number of organisations including Dunlop and Clayhithe. He spent 13 years at E.ON, including nine as chief exec.

Golby commented: “I am honoured to have been asked to join Costain as Chairman. It is a great British engineering success story with a strong heritage, outstanding brand and strong market positions.

“I look forward to playing a part in delivering further success as the Group accelerates its growth agenda”.

James Morley, senior independent director, commented: “On behalf of everyone at Costain, I would like to thank David for the substantial role he has played in guiding the Group on a profitable and successful journey during his seven years as Chairman. We wish him well for the future after he formally steps down in May.

“We are delighted that Paul will be joining Costain. He will bring significant leadership credentials, experience and knowledge to the Board at an exciting time in the Group’s development.”