Grandson of founder picked as new boss of infrastructure engineer Murphy

One of the UK’s largest family-owned infrastructure engineering firms has named the grandson of the founder as its next chief executive.
John Murphy, whose grandfather John started the London-based business in 1951, is understood to be preparing to take on the running of  J Murphy & Sons after Steve Hollingshead, the current boss, steps down at the end of the year.
Mr Murphy joined the firm in 2003 as a civil engineer, and has been chief operating officer since January of this year.
He has been involved in a number of major projects including the construction of power tunnels below London’s Olympic Park in 2012.
The company’s 3,000-plus staff are understood to have been told of the management shake-up earlier today, with an announcement expected as early as Tuesday. 
Grandson of founder picked as new boss of infrastructure engineer Murphy

John Murphy, the new chief executive of J Murphy & Sons
Mr Hollingshead, who has been chief executive since May 2015, will become a non-executive director of Murphy.
In the year to December 2016, the company generated profit of ?23.3m, up 69pc on the prior year, on revenue of ?614m. 
Recent contract wins include work on Sirius Minerals’ Yorkshire potash mine, and works linked to HS2 as part of a joint venture with Laing O’Rourke. 
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