Nick Henry to step down as James Fisher CEO next year

James Fisher and Sons announced on Monday that Nick Henry had informed the board of his intention to retire from the company, and step down as chief executive officer by the end of December 2019.

The FTSE 250 firm said by then, Henry would have spent 16 years with the company - 15 of which as chief executive.

It said the notice he had given ensured there was sufficient time to allow a “thorough” search process to take place, both internally and externally, in order to allow a smooth transition of responsibilities.

“Nick's track record as chief executive speaks for itself,” said James Fisher chairman Malcolm Paul.

“He has overseen strong organic growth, particularly in our Marine Support and Specialist Technical divisions, and successfully completed a number of niche acquisitions.”

Paul said Henry would continue to deliver James Fisher’s consistent strategy during the coming financial year, as the board managed the transition to a new leadership.

Nick Henry said: "I will be leaving James Fisher next year with a strong and experienced management team in place and in excellent financial and operational shape to take advantage of the many opportunities the group has for further growth.”