Why the CEO of Sheffield electricity provider Fulcrum has quit the role

Independent multi-utility infrastructure and services provider Fulcrum Utility Services has announced that its CEO Daren Harris is stepping down with immediate effect.
By Ismail Mulla
Published 6th Jan 2021, 08:19 BST
Updated 6th Jan 2021, 08:20 BST
Exiting: CEO Daren Harris is stepping down with immediate effect.Exiting: CEO Daren Harris is stepping down with immediate effect.
Exiting: CEO Daren Harris is stepping down with immediate effect.

Terry Dugdale, who was appointed to the board as chief operating officer in March 2019, will become CEO of the Sheffield-based firm with immediate effect.

Mr Harris said: "The business is well placed with strong market drivers and a robust balance sheet and its strategy is strongly positioned to capitalise on the UK's journey to net zero.

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"Unfortunately, due to personal reasons, I need to step down from the business. I am delighted that Terry Dugdale has accepted the board's invitation to step up to the role of CEO.

"Since joining the business, Terry has driven our operating efficiency and has made significant progress in preparing the business foundations for the future."

Mr Dugdale said: "I am extremely pleased to be given the opportunity to lead Fulcrum and deliver our growth strategy that supports the UK's net-zero future.

"I would like to thank Daren for his leadership over the last 12 months and also for his personal support since joining the business in June 2019."

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Jennifer Babington, non-executive chairman of Fulcrum, said: "I would like to thank Daren for his significant contribution to leading the group through a difficult period.

"We are delighted that Terry has agreed to step up into the CEO role and we look forward to driving the business forward together."

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Related topics:Sheffield