Interserve has appointed executive headhunters Heidrick & Struggles to find a successor for the firm’s chairman Glyn Barker, ahead of his expected departure this summer.
Interserve’s board was restructured in March last year, after Interserve Plc was delisted from the stock exchange and was put into a pre-pack administration, with the business sold to a newly incorporated company controlled by the group’s lenders.
At the time, Barker agreed to stay on as interim chairman until a successor was appointed.
Barker, who previously worked at PricewaterhouseCoopers and was appointed to his current role three years ago, was involved in Interserve’s battle to convince shareholders to back a rescue plan for the business, which ultimately failed when shareholders voted against the plan, triggering EY’s appointment as administrator to the group.
His planned departure follows the exit from the business in April of Interserve’s chief financial officer Mark Whiteling.
Interserve declined to comment.
