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03/10/2016

Renew Holdings Reveals New Chief Executive

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Engineering firm Renew Holdings has revealed Paul Scott is its new Chief Executive.

Mr Scott has succeeded Brian May as the Group's leader, who retired on 30 September.

In a trading update, Renew said: "The Board would like to thank Brian for his outstanding leadership of Renew over the last eleven years, during which he transformed the Group from a loss making building contractor into a leading business in Engineering Services and delivered an increase in market capitalisation from £17m to £229m without recourse to equity financing."

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In addition, the Board said Renew's results are "in line with market expectations" and expects to report the Group has moved to a net cash position in its annual results next month.

(LM)

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