PageGroup boss set to step down after 16-year tenure

Recruitment agency PageGroup has kicked off the seek for its personal boss after chief government Steve Ingham introduced plans to step down following a 16-year stint on the helm.

The group stated that, after talks with Mr Ingham, it was determined now was the “appropriate time” to start the seek for his successor, however confirmed he’ll stay in publish till a brand new chief government has been appointed.

It comes after PageGroup reported one other report quarterly efficiency, with March seeing gross earnings prime £100 million for the primary time.

Overall gross earnings jumped 42.6% to £258.2 million within the first quarter as the worldwide hiring spree continued unabated.

UK gross earnings rose 43.4% to £36.9 million, it added.

Steve’s contribution and management of the group over the past 16 years has been distinctive and the board appears to be like ahead to persevering with to work with him till a successor has been appointed

David Lowden, chairman of PageGroup

The group stated the primary quarter efficiency places it on monitor to “slightly” beat market expectations for £202 million of earnings in 2022.

Mr Ingham stated: “Having consulted with me, the nomination committee has decided that now is the right time to commence the process to identify my successor, and I have indicated my support for their decision.

“I have been privileged to lead PageGroup over the last 16 years and I am immensely proud of everything we have achieved together.”

He added: “We delivered another record quarter for the group, with record performances in 19 countries.”

He flagged a “high degree of global macro-economic and geo-political uncertainty”, sparked by the Ukraine battle, however stated the agency has “minimal exposure” to both Russia or Ukraine.

Mr Ingham has been chief government of the group since 2006, however has been with the corporate since 1987, throughout which period it has grown from just a few hundred workers to almost 6,500 workers worldwide.

He suffered a near-fatal snowboarding accident in March 2019, which has left him in a wheelchair after struggling a extreme again damage, however was again within the workplace just some months later.

David Lowden, chairman of PageGroup, stated: “Steve’s contribution and leadership of the group over the last 16 years has been exceptional and the board looks forward to continuing to work with him until a successor has been appointed.”

The group’s buying and selling replace confirmed the so-called international battle for expertise confirmed little signal of slowing within the first three months of the yr.

Its strongest efficiency was seen within the Americas, which account for 17% of the group, the place gross earnings jumped 56.6%, adopted by the UK, then its largest area masking Europe, the Middle East and Africa with a 41.1% rise.

Gross earnings rose 35.8% throughout Asia Pacific.

But official figures launched individually on Tuesday by the Office for National Statistics confirmed a slight easing again in UK jobs development, with the smallest month-to-month improve in payroll numbers since February final yr, up 35,000 between February and March to 29.6 million.

Wages additionally lagged additional behind hovering inflation, with actual common pay seeing the largest fall for practically 9 years – down 2.1% in February alone.

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