New man starts in September

CFO-Mark Morris

Interserve has appointed a former Rolls Royce boss to become its new chief financial officer.

Mark Morris will replace Mark Whiteling on 1 September, with the latter leaving after presiding over pre-tax losses of £244m in 2017 and £111m the following year.

Morris (pictured) moves from Seadrill, an offshore drilling contractor listed on the New York Stock Exchange, where he led a restructuring over the past three and half years as finance chief.

Before that he spent 28 years at Rolls Royce, latterly as chief financial officer.

Last month Interserve named turnaround specialist Alan Lovell, formerly of Carillion, as its new chairman to replace Glyn Barker who left after three years.

The contractor has also shed main board member Dougie Sutherland this year, with two other executive board members – Yvonne Thomas and Robin O’Kelly – leaving late last year.