The chief executive of steelwork manufacturer Severfield-Rowen has resigned following the company's announcement that huge cost overruns on London's 'Cheesegrater' skyscraper building project may lead to the company posting a 2012 loss.
Cost overruns on the 122 Leadenhall project – known as the Cheesegrater due to its distinctive shape – adversely affected UK performance, the firm said. Tom Haughey, chief executive Yorkshire-based Severfield-Rowen and who headed the company for a decade, has resigned with immediate effect. He has been replaced by chairman John Dodds, who will act…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
