Several senior executives are expected to leave Bovis Lend Lease or be moved sideways in a boardroom shake-up.
The reshuffle has been engineered by parent company Lend Lease, which, a source said, is keen to consolidate its control over the company.
The Australian developer bought Bovis for £285m in October. In December it appointed 38-year-old Ross Taylor, then chief executive of its projects division, group president of Bovis Lend Lease. The move was seen by many as a signal of intent by Lend Lease that it wanted to bring in younger players to replace some of the Bovis old guard. Taylor is expected to be given a wider brief in the new management set-up and changes are expected to be made to the nine-strong board and senior management.
Taylor told Building earlier this year that he wanted to turn Bovis Lend Lease into a more dynamic organisation and increase its profit. He planned to do this by refocusing its operations to take on more “risk” work, such as lump-sum contracting, and moving away from its traditional fee-based construction management work.