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Costain

News

FORMER HYDER Consulting boss Stuart Doughty is to become chief executive of from 1 July.

He will take over the post vacated by John Armitt, who rescued the company after it accumulated losses of £600M in the 1990s (NCE 12 April).

Doughty said it was an exciting time to be joining Costain. 'It is a strong business in a strong area. The new government is likely to be spending on infrastructure as it is the fabric of society and the business is superbly placed.

'We've seen the demise of Laing and Taylor Woodrow as main contractors and we want to take advantage of that gap.'

Doughty left Laing in 1986 to become Tarmac Construction's director for civil engineering. He became managing director of Alfred McAlpine's civil engineering division in 1992 he joined Hyder's civils consultancy as chief executive from 1995 to 1997. In 1998 Doughty moved on to Kennedy Construction where he was chairman until last year.

He has since held a series of nonexecutive posts.

Doughty says he brings to Costain a single minded ability to see things through and a strong ability to set strategy.

'I can be dogmatic and autocratic but I believe I am also a good listener. My time as a non executive director - which means you can't dictate what should be done - has taught me how to nurture and guide, ' he said.

Doughty, 58, is a Fellow of the ICE.

Costain also has a new non executive chairman - David Jefferies, a Strategic Rail Authority board member.

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