David Allen has been at business over three years
Mace Construct chief financial officer David Allen is stepping down from the business this autumn.
Allen, a former chief executive of Wates, joined Mace at the start of 2023 and is being replaced on an interim basis by group financial director Tony Arthurton.
In a statement, Mace Construct, which is looking for a new name and due to move out of its current home at 155 Moorgate later this year, said: “David is stepping away from full-time executive leadership to pursue other interests. He will remain in post until October to support an orderly transition as Tony steps into his new role, helping to ensure continuity as the business moves into its next phase.”
It added: “[David] has led the transformation of the Group’s finance team and systems. He led a refinancing of the Group in 2024 [and] supported the recently completed carve-out of Mace Consult.”
Arthurton joined Mace in 2023, arriving from printers and digital products firm Xerox where he spent two decades.
Allen will join chief executive Jason Millett in leaving the firm with Millett due to step down at the end of the year after 18 years at the business. No replacement has yet been announced.
Mace recently said that executive chair Mark Reynolds has “returned to a more active role in the business to provide continuity of strategic direction”.
Reynolds added: “Since David shared his plans for the future at the start of April, he and I have been working to agree the right moment for him to step down as we continue to simplify the business following the separation of Mace Consult.
“I’m delighted that Tony will take on the role of interim CFO and look forward to working closely with him as we continue to deliver and perform through this transition.”
Mace is set to release its 2025 results later this summer.
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