New CEO and global ambitions for contractor Mace
08 May 2024
UK-based contractor Mace has announced a new CEO and plans to double the scale of its global Consult business by 2030 to more than £1.2 billion (US$1.5 billion) in revenue.
In January 2025, the group will split the combined group chair and chief executive role, with Mark Reynolds becoming executive chair of the group and Jason Millett, currently group deputy chief executive, taking up the role of group chief executive.
Mace has been responsible for the delivery of global buildings like the Hudson Tunnel Project in New York, One Za’beel in Dubai and Battersea Power Station in London.
Millett 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: a strategy that will see the company focus on consultancy-led global growth.
The company have announced plans to grow Mace’s Consult engine to more than £1.2 billion (US$1.5 billion) of revenue by 2030. This expansion would see it double in size and the company plans to achieve it by securing commissions on global programmes in the Americas, the Middle East and in Asia Pacific – while at the same time maintaining the Mace Construct’s position in the UK.
New leadership
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.
Mark Reynolds, Mace group chair and chief executive officer, said, “Mace is now a truly global force; and our success over the past few years securing some of the world’s largest programmes reflects that. With scale comes responsibility, and we must ensure we are governed effectively. These long-planned succession changes are a part of that process.”
STAY CONNECTED
Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.