John Samuel checks out of Renew

Mr Samuel’s notice period is ​12 months and it is currently expected that he will remain in post throughout that period or until the ​b​oard appoints a new ​g​roup ​f​inance ​d​irector.

​Renew said the board will commence the process to seek a successor shortly.

​Mr Samuel was previously a ​t​rustee​ at ​Yorkshire Air Ambulance​ and ​chief ​f​inancial ​o​fficer​ at ​Zetex​.

Before that he spent 13 years as group ​f​inancial ​d​irector​ at ​Leeds-based mobile phone technology firm Filtronic​.​

In the late 1980s he was a partner at Baker Tilly​ in Leeds and he spent the early 1980s as a manager at ​Deloitte​ in ​Bradford​.

Last November ​R​enew reported record results and said it has a bright future as it embarks on new contracts with London Underground and other train ​operating companies.​

Renew​ said adjusted pre-tax profits jumped 14​ per cent​ to £22.3m​ in the year to September 30 while revenue rose 1 per cent to £526m.

New chief executive Paul Scott said the results had set a new record for group revenue, operating profits and margins.

In November Renew bought a railway services business​ ​in a £7m deal​ that it said would strengthen its links with national rail operators.

Renew paid £5m to buy​ ​Giffen Holdings and a further £2m was paid​ ​to redeem loans from Giffen’s private equity owners.

Giffen specialises in mechanical, electrical and power services within the railway sector and works for​ ​Network Rail​, ​London Underground and a number of train ​o​perating ​​companies.

It has four frameworks with Network Rail and six frameworks with London Underground.

Renew has said it has not been impacted by the UK's decision to leave the EU.

L​ast month ​​the firm ​​said trading for the first quarter of the year ha​d​ been in line with the ​b​oard’s expectations.

​The firm said ​​​its group order book at ​the end of​ December was £523m​, up from £515m​ the previous year​.