Galliford Try announced this morning that Ian Coull had stepped down as non-executive chairman, citing “other business and personal commitments”.
Chief executive Greg Fitzgerald, who himself is already serving out his notice, will act as executive chairman in the interim.
Mr Fitzgerald told the board last month that, despite being only 50, he wanted to retire and would leave the company before the end of 2015. (See previous report here.) However, his chairman has now beaten him to the exit.
Mr Coull said: "As a result of my growing business and personal commitments I have decided to step down as chairman after just under four very enjoyable years at Galliford Try. I leave the business in very capable hands, and in an excellent financial position with a clear growth strategy."
Mr Coull's other commitments include a board role at property developer Grainger plc, where he is set to become chairman.