Shanks group chief executive Tom Drury will leave the company in October to join debt purchaser Arrow Global as chief executive, it was announced today (5 July).
Drury, who will also become a shareholder of Manchester-based Arrow Global, has decided to leave Shanks in order to work closer to his family in Cheshire.
His final day will be 31 October and Shanks is currently seeking a replacement.
“This is a lifestyle decision that allows me to spend more time with my family in Cheshire,” Drury said. “I’ve enjoyed my four years at Shanks working with such a strong management team and I will be leaving the company very well placed to realise its full potential.
I am committed to working with the board to ensure a smooth transition, and I wish everyone at Shanks great success for the future.”
Shanks chairman Adrian Auer commented:”We will be sorry to see Tom go, but respect his decision to work nearer to his home in Cheshire. We are grateful for the excellent job he has done for Shanks.
Tom has set a compelling strategic direction for the business, with clear evidence in our recently reported results of delivery against this strategy. He will leave the business in very good shape. With the strength and experience of our Board and executive management team, I am very confident that Shanks will maintain its current growth momentum.”