- Fulcrum Utility Services has appointed Martin Donnachie as interim chief executive.

This follows the departure of CEO John Spellman, who is stepping down from the company with immediate effect.

Donnachie will serve as interim CEO for a minimum of six months while Fulcrum seeks the appointment of a full time CEO to lead the business in the long term. He will be supported by the existing established management team, ensuring a smooth transition for the business.

Fulcrum says Donnachie brings to the company considerable experience gained from a range of interim leadership roles and, prior to that, 12 years of experience in the house building and construction services sectors, most recently with George Wimpey and Rok.

Chairman Phil Holder said, "I would like to thank John for his work with the company over the last three years. The board is committed to helping the company deliver its strategy and I look forward to working with Martin and the senior management team to continue to build Fulcrum into a leading utility services business underpinned by first class engineering expertise and exceptional customer service."

At 9:41am: [LON:FCRM] share price was 0p at 8.75p

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