Former logistics company director Paul Mainwaring steps in to replace Gerald Brown.

Contractor Mowlem has appointed a new group finance director to replace Gerald Brown.

Paul Mainwaring, finance director at logistics company TDG, is expected to start his new role before Mowlem’s annual general meeting in May.

Mowlem announced that Brown, finance director at the company since 1996, was leaving last Thursday. In the same statement to the stock exchange it revealed that “historic accounting issues” within its mechanical and electrical division would contribute to a £7.5m loss in 2004.

Mainwaring has been finance director at TDG since 2000, and has also held senior positions at Novar and Inchcape.