THE LONG-SERVING finance director of Helical Bar has become its non-executive chairman as part of a series of directorate changes at the property development and investment company.
Nigel McNair Scott, a director of Helical since 1985 and finance director since 1987, steps up to replace Giles Weaver, who advised the company that he does not intend standing for re-election.
Fellow long-serving directors Antony Beevor and Wilf Weeks will also step down at the same time, having served as non-executive directors for 12 and seven years respectively.
Deputy finance director Tim Murphy will replace McNair Scott from the conclusion of the AGM on 24 July. Murphy joined Helical as company secretary in 1994 and was appointed Deputy Finance Director in 2011. Previously, he worked as a tax consultant at KPMG in Hong Kong, having trained as a chartered accountant at Grant Thornton.
Helical said McNair Scott is “uniquely placed” to lead it as a result of his knowledge of the company.
“His primary role during his tenure as chairman will be to advise on the long term strategy of the group and to ensure that succession issues are planned and executed in a timely fashion,” the company said.