Dave Smith takes the seat of Alison Littley, who steps down after three years on the group聽 board.
Where Alison Littley brought commercial experience to Osborne from her earlier career with Mars and Diageo, Dave Smith鈥檚 experience is all in construction. His previous roles include chief operating officer at Wates and managing director positions at McClaren and Balfour Beatty.
鈥淲ith over 40 years in construction, Dave has been instrumental in building and leading successful privately owned and plc鈥檚 businesses,鈥� said chairman Andrew Osborne. 鈥淒ave brings a wealth of professional experience including leading award-winning corporate responsibility and sustainability programmes.鈥�
The appointment of Dave Smith came as Geoffrey Osborne filed its accounts for the 18 months to 30th September 2020. These showed a a pre-tax loss of 拢13.8m on turnover of 拢551.2m.
Total net assets decreased to 拢8.6m, down from 拢19.3m at the end of March 2019, while the cash balance dropped from 拢23.5m to 拢13.0m over the same period.
Last month Osborne sold its profit-making civil engineering business, Osborne Infrastructure Ltd (OIL), to London private equity firm Sullivan Street for an (as yet) undisclosed sum.
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