Mitie Group, the London-listed outsourcer, has kicked off a seek for a successor to Derek Mapp, its long-serving chairman.
Potential candidates have began being sounded out in the previous couple of weeks, in accordance with Metropolis sources.
Mr Mapp has been on the Mitie board since 2017, that means he would now not be considered being impartial for company governance functions from Could 2026.
It was unclear on Friday whether or not he deliberate to serve till his ninth anniversary or would go away the corporate sooner.
Beneath his stewardship, and that of Phil Bentley, the corporate’s chief government, Mitie’s efficiency has steadily improved lately.
The corporate supplies cleansing and safety companies to main company and authorities purchasers, and noticed a surge in demand from the general public sector throughout the post-election riots which swept throughout the nation.
Amongst Mitie’s contracts are the administration of various prisons and migrant detention centres.
On Friday afternoon, shares in Mitie have been buying and selling at round 117.8p, giving it a market capitalisation of about £1.5bn.
Mitie declined to remark.
