Mace Construct’s chief financial officer (CFO) David Allen has announced his intention to step down from the CFO role and from the Mace Construct board in October this year.
Tony Arthurton, group financial director, will succeed Allen as interim CFO. Allen joined Mace Group at the beginning of 2023 and since then he has led a refinancing of the group in 2024 and supported the recently completed carve-out of Mace Consult. He is stepping away from full-time executive leadership to pursue other interests.
Arthurton joined Mace in 2023 as group financial director and has worked closely with Allen in leading the finance function over the past three years.
Mark Reynolds CBE, executive chair of Mace Construct, said: “Since David shared his plans for the future at the start of April, he and I have been working to agree the right moment for him to step down as we continue to simplify the business following the separation of Mace Consult. I’m delighted that Tony will take on the role of interim CFO and look forward to working closely with him as we continue to deliver and perform through this transition.
“Over the past three and a half years, David has made a significant contribution to the group’s success through his leadership of the finance function and his counsel to the Mace Construct board. On behalf of the board and our executive committee, I would like to thank him for his dedication and leadership, and to wish him every success for the future.”
Allen added: “It’s been a privilege to be part of Mace over the past three and a half years and to work with such talented colleagues across the business. I’m incredibly proud of what we’ve achieved together, particularly in strengthening the finance function and supporting the business through a period of important and valuable change. Mace Construct has a strong team, a clear direction and real momentum. I look forward to continuing to work with colleagues to ensure a smooth transition in the months ahead.”
