MOUCHEL NAMES FOURTH CHAIR OF 2011

STRUGGLING infrastructure group Mouchel named former Deloitte senior partner David Shearer its new chairman yesterday, making him the fourth holder of the post this year. Describing him as a “turnaround specialist”, Mouchel said Shearer would replace interim chairman Sir Michael Lyons on 9 January next year. Shearer joins Mouchel after a string of profit warnings and a management exodus in October.