Capita has picked up the boss of Amec Foster Wheeler as its new chief executive after its former CEO stepped down off the back of a string of profit warnings.
Jon Lewis headed up Amec Foster Wheeler until it was taken over by oilfield services firm Wood Group. The £2.2bn merger was completed yesterday, after Amec Foster Wheeler agreed to sell some of its North Sea assets.
Shares were up more than three per cent on news of Lewis' appointment, rising 3.56 per cent to 582p at the time of writing.
Lewis will take up the new role on 1 December, and join the Capita board at the same time, with group finance director Nick Greatorex continuing to lead the firm as interim chief executive until the end of November.
Capita chairman Ian Powell said Lewis brings "strategic vision and a strong track record throughout his career of growing high value, technology-enabled services businesses through securing and developing major client relationships in both the private and public sectors".
Lewis said he was determined to return the company to growth.
Capita said in March that boss Andy Parker would step down later in the year when a replacement was found, at the same time announcing pre-tax profits had tumbled by a third. The outsourcing firm was also booted off the FTSE 100 in March after its market cap drooped. It marked more bad news for the company which issued its third profit warning in a year in December.
Lewis said: "I have spent my career innovating and deploying services to enable customers to have smarter processes and create more efficient organisations, and that is Capita’s central proposition. I believe there is a real opportunity to build a truly world class technology-enabled services business from Capita’s embedded foundations."