Morgan returns to frontline

摘要

John Morgan (pictured inset), founder of contractor Morgan Sindall, returned to the role of chief executive of the company this week, saying the departure of former chief executive Paul Smith had been amicable and was aimed at returning the ￡2.2bn turnover business to a simpler management structure. The announcement of the board shake-up came alongside a statement to the City that fell just short of a profit warning, with the firm saying its performance this year would be "slightly below previous expectations'! The company also confirmed the ongoing restructure off its business, revealed by Building in recent weeks, with the closure of at least five offices and the reshaping of the business around four, rather than six regions.