Mark Reynolds will step down from leading the exective team at Mace, with Jason Millett taking up the new role of Group chief executive
Mace will will split the combined group chair and chief executive role held by Mark Reynolds, with Mark becoming executive chair of the group and Jason Millett, currently Group deputy chief executive, taking up the role of Group chief executive, effective January 2025.
Over the next six months, Jason and Mark will work closely together to manage the transition of leadership across the Group. Mark will continue to support the UK construction industry through his role as co-chair of the Construction Leadership Council.
Jason will lead the executive team for the Group; taking overall accountability for the delivery of the final years of Mace’s 2026 Business Strategy and the realisation of Mace’s 2030 vision.
Mace will be adopting the UK Corporate Governance Code
The executive shakeup will also see new sector leads and a new Group board established.
As part of those changes, in July 2024, Mace will appoint new chief executive officers for each of its Engines, Consult and Construct: Davendra Dabasia and Andrew Jackson, respectively.
Gareth Lewis, the current CEO for Construct, will be stepping down from his role and his position on the Mace Executive Board in July.
To reflect that growth and ensure that the Group is able to grow effectively and sustainably in the future, Mace will be adopting the UK Corporate Governance Code and will appoint four non-executive directors in January 2025, establishing a new Group Board.
The new Mace non-executive directors will be:
- Dame Alison Nimmo DBE, previously CEO of the Crown Estate, who will serve as senior independent director
- Nina Bjornstad, who has worked for some of the world’s largest technology brands – including Google and Microsoft – and currently sits on the boards of Telenor, Scandinavian Airlines, and PwC UK Advisory
- Eric Hageman, chief financial officer of Swedish telecommunications company Telia
- John Coghlan, currently a director of Landmark; and previously a member of the boards of Severn Trent, Clarion Housing Group and Associated British Ports
The new non-executive directors will join Mark Reynolds, Jason Millett and Mace Group’s chief financial officer David Allen on the new Group Board.
At the same time, the current Mace Executive Board will remain as the Group Executive Committee, led by Jason as Group chief executive.
Mark Reynolds, Mace Group chair and chief executive officer, said: “After 12 years leading Mace, and a decade of working alongside Jason, I couldn’t be more pleased to see him step into the Group Chief Executive role. He, Davendra and Andrew will shape the next decade of Mace’s journey, and I have absolute confidence that they will continue our phenomenal growth.
“I am also very proud that Alison, Eric, John and Nina have agreed to join the new Group Board as non-executive directors. Over the last twelve months on Mace’s Advisory Board they have proven an invaluable source of challenge and insight; and I am looking forward to working together more closely as we begin the next phase of our exciting journey.”
‘Honoured’ to work on ‘the next ten years of success’
Mace Consult Engine is targeting more than £1.2bn in revenue by 2030 under the group’s growth strategy, doubling in size.
The company also intends to expand commissions in the Americas, the Middle East and in Asia Pacific, whilst remaining the largest contractor in London.
Jason Millett, Mace Group’s deputy CEO, said: “I am honoured to have been named the next chief executive of Mace – it’s an exciting opportunity to build on everything we have achieved as a company over the last three decades.
“Our combined consultancy and construction expertise is a unique combination that enables us to deliver some of the most complex and challenging projects around the world on behalf of our clients; and I can’t wait to work with the new Board, the Group Executive Committee and all of the brilliant teams across Mace as we bring together our vision for the next ten years of success.”
