Mace sets out growth plans to 2030

Mace, the global programme and project delivery consultant and construction expert, has announced changes to its executive leadership team as it sets out its plans for boosting future growth.

In January 2025, the Group - responsible for the delivery of iconic global buildings and programmes like the Hudson Tunnel Project in New York, One Za'abeel in Dubai and Battersea Power Station in London - 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.

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: a strategy that will see the company focus on consultancy-led global growth.

That growth will see Mace's Consult Engine grow to more than £1.2bn of revenue by 2030; an expansion that will see it double in size; driven 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 as the largest contractor in London.

Over the next six months, Jason and Mark will work closely together to manage the transition of leadership across the Group; establishing new governance structures and enabling the succession process in their teams. Mark will continue to support the UK construction industry through his role as Co-Chair of the Construction Leadership Council.

New divisional 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.

The long-planned succession changes build on several years of growth across both consultancy and construction and strategy to secure global programmes and projects across its four hubs: UK & Europe, Middle East & Africa, the Americas and Asia Pacific - and reflect the Group's ambition to be the world's leading programme and project delivery consultant and construction expert.

Robust governance

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.

These 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; and 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; enabling Mace to leverage its exceptional range of experiences and expertise to help to shape the Group's future strategy.

These changes are intended to align Mace with the principles of the UK Corporate Governance Code as the Group evolves to reflect its global growth and works towards the ambitious targets set three years ago in the 2026 Business Strategy.

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.

"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."

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."

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