HOUSEBUILDER and contractor Alfred McAlpine has announced a boardroom shake-up to coincide with the merger of its two private finance initiative units.

The revamp will see the departure of Richard Baldwin, the managing director of McAlpine’s special projects division. Baldwin, who has been with McAlpine for six years, will leave on 30 April.

The company announced on Tuesday that its two PFI units, currently operating within the civil engineering and construction services divisions, will be combined. The new division will be overseen by Ian Grice, managing director of civil engineering.

Andy White, who was previously Baldwin’s deputy, will take on responsibility for all non-PFI major projects as managing director of special projects.

He will report directly to chief executive Oliver Whitehead.

Whitehead said the decision to combine the units had been made to save costs. “There is no way we can continue with two units when we are under pressure to cut out duplication. We will now have one team of resources trying to win concessions,” he said.

He added: “Unfortunately, as a result of these changes, Richard will no longer have a job, but I would like to thank him for his commitment and achievements over the past six years.”

In its year-end figures for 1999, reported earlier this month, McAlpine’s PFI operations reported a pre-tax profit of £1.1m. This was made up of revenue earned by McAlpine’s investments in the A1M and A417/A419 PFI road concessions.