In an unexpected move, Skanska UK president and chief executive Mike Putnam is to step down and be replaced by Gregor Craig immediately.
Having spent 25 years with the Swedish company, Putnam said he had decided to ”move on to develop the next stage of his career”, and to ”build a portfolio of non-executive directorship positions”.
Skanska said Putnam would continue to work with it in a non-executive capacity.
The contractor said Putnam had left the company in a stable state after the fallout of the global financial crisis and had also personally championed its values such as green, diversity and inclusion, and health, safety and wellbeing within the company and in the industry.
Craig joined Skanska as operations director in 2003, and joined the executive management team in 2015. Previously he worked for John Laing, Wates and Carillion, in operational and commercial roles.
“I would like to thank Mike for his great contribution to Skanska over many years. He has decided that he wants to move to the next stage of his career and we wish him well,” said Skanska executive vice president Anders Danielsson.
Putnam said: “I have thoroughly enjoyed my time leading an amazing organisation, with amazing people. I am very proud of the inclusive and caring culture we have created over the last few years, which I believe is unique in the UK. I am also excited about the next phase of my career, while maintaining strong links with Skanska.”
Craig said: “I am incredibly proud and excited to be given the opportunity to lead Skanska UK. We have built a great reputation within the industry and we are brimming with hard-working, ambitious and talented people. Even with our current industry-leading performance, I believe that we have still more potential to demonstrate to our customers and I look forward to playing my part to unleash it.”