A new chief executive has been appointed at Morrison Utility Services following its takeover by a private equity firm in July.
US-based First Reserve bought the firm for an undisclosed sum earlier this summer. The company’s new chief executive has been announced as Jim Arnold, while former chief executive Charles Morrison has been appointed as chairman.
“I am personally delighted that Jim has been appointed to the position of chief executive, given the considerable experience he has gained over the last 17 years with the business in varying roles including executive director and chief operating officer,” said Morrison.
“I am convinced that Jim is ideally placed to lead the business through the next phase of our growth and I very much look forward to maintaining our close working relationship in order to achieve our business goals.”