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The troubled sub-contractor, Interserve, has appointed Alan Lovell, turnaround specialist, as president, replacing outgoing incumbent Glyn Barker, who will take the lead this week.
Mr. Lovell has held positions in the construction and energy sectors, including at Tamar Energy and Infinis, and served for four years as National Chair of the Consumer Council for Water.
Debbie White, CEO of Interserve, said he would bring "rich experience" to the group, noting that he had "a solid track record in improving and transforming his business."
The news comes amidst uncertainty about the future of the struggling government contractor, who collapsed in the administration in March. It is now in the hands of its creditors, including major banks such as the Royal Bank of Scotland and hedge funds.
Barker, chairman of Interserve for more than three years, after serving as a director at Aviva and Berkeley Group Holdings, led an unsuccessful battle to persuade shareholders to back a rescue deal for dealing.
Mr. Lovell said it was a "privilege" to hold this position at a "thrilling" time for society.
Ms. White said, "On behalf of the Board, I would like to thank Glyn for his role as Chairman of Interserve. His leadership on the Board of Directors and his valuable advice have been of paramount importance in this time of significant challenges and changes for the Group. "
Interserve, which derives two-thirds of its £ 2.9 billion revenue from the British public sector and has accumulated net debt of £ 735 million, warned earlier this year that it was running out of money. Money and would not be able to pay suppliers and employees on time.
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