May Gurney: Philip Fellowes-Prynne to be next chief operating officer

Philip Fellowes-Prynne is to join May Gurney as chief operating officer, succeeding Richard Dean.

Fellowes-Prynne was chief executive of Accord, which had an annual turnover of £300m, until the business was bought by Enterprise for £150m last year.

Dean has been with May Gurney for eight years and he was part of the management buy-out team that saw the business win its independence in 2001. He stays on for a couple of months to ensure a smooth transition.

An update from May Gurney today says that during the second half of the financial year (the six months to 31 March 2008) trading was in  line with management’s expectations.

May Gurney’s forward orderbook “remains robust” and stands at £800m. There is a further £250-worth of work under framework agreements.

The business remains cash generative with net working capital remaining in line with expectations.