Product category:
Construction companies
News Release from: Pearce Group
Edited by the Buildingtalk Editorial
Team on 27 January 2006
Pearce group announces new CEO
Pearce Group, announced that Colin Forrest has been appointed Chief Executive, with the previous CEO, John Rackstraw taking on the role of Non Executive Deputy Chairman.
Bristol-based construction company, Pearce Group, announced today that Colin Forrest has been appointed Chief Executive, with the previous CEO, John Rackstraw taking on the role of Non Executive Deputy Chairman Colin joined the company in July 2005 as Managing Director, having gained considerable experience in the construction sector
This article was originally published on Buildingtalk on 27 Jan 2006 at 8.00am (UK)
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He has held senior positions with Higgs and Hill, Kellogg Brown and Root and most recently, Rok Property Solutions plc.
Commenting on the announcement, Non Executive Chairman Richard Youngman said: "I am delighted to have appointed someone of Colin's experience.
He joins us with a considerable reputation gained in market-leading businesses and I look forward to working closely with him as we continue to drive forward the Pearce Group.
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The Pearce Group, has won a prestigious Built-In Quality Award from Newport City Council for its £4.2 million Cardiology Unit project at Royal Gwent Hospital.
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Pearce Group has won contracts with a combined value of £13 million, to refurbish three former Littlewoods stores for retail group Primark.
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Significant construction spend by both Sainsbury and Marks and Spencer has benefited Pearce Group's Retail Division to the tune of GBP28m.
Colin has a passion for the business as well as a clear vision for the future and I am confident that he will ensure that Pearce strives for excellence in everything that we do." The announcement comes as the company also celebrates a number of significant project wins, with four new education contracts totalling £15 million and five new retail contracts worth some £million secured for the New Year.
In Weston-super-Mare Pearce has been awarded a £2.75 million contract to build St Georges VA Primary school and a £10.5 million contract for Weston College to design and build a new sixth form college with associated art, design and music faculties.
In Bristol, Pearce has secured the £800,000 extension contract for the Hannah Moore School to create new classrooms, a library and sports hall which will be used both by the school and local community; the company has also received confirmation of the award of the £900,000 Gwaelod y Garth Primary School contract in Cardiff.
In the retail sector, awards have also been secured with imminent or recent starts on site: in Exeter for Primark for the and £4 million conversion of a former Littlewoods store; a £4 million fit out for Asda in Romford; and four major refurbishment projects in the Midlands and the North for Tesco with a combined value of and £18m.
New Chief Executive, Colin Forrest, said: "Moving into the New Year having won such a range of significant projects across our target South West and South Wales region and national retail sector shows that the business is in great shape.
In the past, the company has been responsible for delivering some landmark projects across the South West in particular and we're certainly beginning 2006 in the same vein.
"Since joining the Pearce Group, I have been enormously impressed by the commitment and professionalism of the team and my aim is to continue to deliver our service to the high standards that our customers expect.
We have worked hard to build an excellent reputation through the quality and scope of our work and over the coming months, I will be working closely with our customers and staff to ensure that we continue to maintain and build upon this market leading position in our target sectors".
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