finance

Ferguson Marine chair and board member step down



Applications are being invited for a new chair and two new non-executive directors for the board at Ferguson Marine.

Current chair Alistair Mackenzie and board member John Hudson are both stepping down from their roles for personal reasons.

Their roles are being advertised along with an additional non-executive director position to strengthen the board’s commercial and legal expertise.

The closing date for applications is 14 February and successful candidates will join the board from May.

Mackenzie and Hudson were appointed in June 2020 as part of the first board of directors after the shipyard was taken into public ownership. They will leave in April.

Mackenzie said: “I have been proud to serve on the board of Ferguson Marine, supporting the business during a highly challenging period as it recovered from administration and through a transformation programme.

“Working with the wider board and senior management team, significant progress has been made to improve governance, processes and systems and to strengthen the workforce.

“I would like to thank John Hudson as he departs, as well as the wider board and shipyard workforce, for their commitment and support during the last 18 months,” he continued, adding: “With the arrival of a new CEO, and three new board members in the coming months, I am sure the shipyard will continue to strengthen.”

The new board appointments will follow the arrival of a new chief executive officer.

David Tydeman is set to take the helm at the shipyard on 1 February.

Tim Hair, turnaround director, who has been leading the business since August 2019, will leave on 11 February following a short handover period with his replacement.

The Port of Glasgow shipyard is wholly owned by Scottish Ministers after being taken into public ownership in December 2019.

With a history dating back to 1903, Ferguson Marine is the last remaining commercial shipbuilder on the lower Clyde, and is currently the only builder of merchant ships on the river.

Recent achievements include the building of three of the world’s first roll-on/roll-off, hybrid-powered car ferries: MV Catriona, MV Hallaig and MV Lochinvar.

However, there have been significant delays and overspends on building MV Glen Sannox – Ferguson’s largest product ever built – and its sister ship, currently known as Hull 802.

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