August 16, 2022

Steve Ingham, the boss of recruitment group PageGroup, is stepping down from the corporate after 16 years on the helm.  

The group mentioned that, after talks with Ingham, it was determined now was the ‘acceptable time’ to start the seek for his successor, however confirmed he’ll stay in put up till a brand new chief government has been appointed.     

The announcement got here as PageGroup posted a file quarter for the beginning of the 12 months.

Stepping down: Steve Ingham, the boss of recruitment group PageGroup, is stepping down from the corporate

The FTSE 250-listed group’s revenue jumped 42.6 per cent year-on-year to £258.2million on a fixed foreign money foundation within the three months to the tip of March, which marked the primary month the agency recorded gross revenue of over £100million. 

PageGroup’s progress within the first quarter was sturdy, with Europe, Center East and Africa revenue up 41 per cent at fixed foreign money to £129.7million. 

The Americas had the quickest progress, up 60 per cent to £42.9million, whereas revenue swelled 43 per cent within the UK to £36.9million.  

Buying and selling was bolstered by rising wages, in addition to greater charges on the again of sturdy demand for and a scarcity of provide of job candidates.

Ingham mentioned: We delivered one other file quarter for the group, with file performances in 19 international locations. We exited the quarter strongly, with a file in March, the primary time the group has delivered gross revenue in extra of £100million.

‘Having consulted with me, the nomination committee has determined that now’s the suitable time to start the method to establish my successor, and I’ve indicated my help for his or her choice. 

‘I’ve been privileged to steer PageGroup during the last 16 years and I’m immensely happy with all the pieces we have now achieved collectively.’

On Russia’s invasion of Ukraine, Ingham mentioned: ‘PageGroup has minimal publicity to both Russia or Ukraine. 

‘Nevertheless, we’re aware of the human struggling this struggle has introduced and are dedicated to supporting refugees, notably into appropriate employment, the place we are able to. We’re already working with RefuAid in offering sustainable options to employment for refugees within the UK.

‘Trying forward, there continues to be a excessive diploma of worldwide macro-economic and geo-political uncertainty. 

‘Nevertheless, we preserve our deal with being the main specialist recruiter in every of the markets during which we function. 

‘We’re happy with the Group’s efficiency in Q1 and, at this early stage within the 12 months, anticipate 2022 working revenue to be barely forward of firm compiled consensus of £202million.’

PageGroup shares have fallen right now and had been down 0.42 per cent or 2.00p to 471.00p simply after 11am. The group’s share value has fallen over 12 per cent prior to now 12 months.