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Mace has confirmed that deputy chief executive Mark Reynolds will take over from Stephen Pycroft as boss of the firm from the 1 January.

The contractor and consultant said that current chief executive and chairman Pycroft would move into the role of executive chairman, as previously announced, with deputy chief executive Mark Reynolds taking the reins as chief executive.

The firm said the change would take effect from 1 January.

The firm also said Jason Millett, chief executive and programme director of CLM, the delivery partner to the Olympic Delivery Authority, of which Mace was one of three partners, would take the role of deputy chief operating officer for major programmes and infrastructure within the consultancy business.

The firm added that Mark Castle, managing director of construction, would take the role of deputy chief operating officer for construction.

Both Castle and Millet will also take up their new roles from 1 January.

Pycroft confirmed Mace was on target to break through the 拢1bn turnover mark by the end of the year.

Pycroft said: 鈥淢ark has been with Mace since 1996, and been Deputy CEO for three years. He has been a close friend and colleague of mine for many years, is an outstanding leader and a passionate business man. Mace is very fortunate to have someone of his calibre leading the company. 鈥�

鈥淚 will remain in the role of executive chairman, responsible for the leadership of the Group Board.鈥�

Reynolds said: 鈥淚 am thrilled to take on the challenge of leading Mace. I鈥檇 like to pay tribute to Stephen for his ten years as Chief Executive and seven years as Chairman and CEO.

鈥淗e has led the company with vision, determination and passion and I take over as Chief Executive with Mace in its strongest position since it was founded 22 years ago. I look forward to working with him and the Board as we grow and develop the business.鈥�