Interserve has announced its chief executive will step down at the end of the year with her responsibilities devolved to the company’s three main divisions.
The outsourcer said Debbie White had decided to step down after leading it through ‘one of the most challenging periods of corporate restructuring’ in the firm’s history.
Interserve slipped into administration earlier this year, but secured a rescue deal that allowed it to continue trading under the control of lenders.
The company has reduced its business functions from five to three and said it would now seek to strengthen ‘leadership capability’ in each of the divisions.
In a statement, Interserve said the role of chief executive would not be replaced, adding: ‘The key operational responsibilities of the chief executive’s office will, in part, be devolved to the business divisions, with Mark Morris, currently executive director and chief financial officer, assuming the role of overseeing all group functions.’
Lynn Mawdsley has been appointed managing director of the support services division while Paul Gandy and Ian Hayes will respectively manage the construction and equipment services functions.