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Mace Cost Consultancy鈥檚 managing director Chris Goldthorpe has retired after 12 years in charge of the division.

Goldthorpe launched the contractor鈥檚 cost consultancy business in 2004, which has since grown to over 165 staff across six offices with a fee income in excess of 拢18.5m.

He is being succeeded by Mace Cost Consultancy director Steve Mason, who will take over the role at the beginning of next year. Mason has been with Mace since 1998.

Goldthorpe said: 鈥淚 have worked on some fantastic projects over the years so I would like to thank all the clients for their trust in me and my team and for their repeat business over the years. I have also had the pleasure of working with a great team - many of them have been with me for more than 15+ years! I would like to thank them and the Mace Group Board for all their support over the years.鈥�

Mace executive chairman Stephen Pycroft added: 鈥淚 have known Chris since the late 80s when we worked together on Ludgate South and when we were thinking of setting up our own cost consultancy, for me he was the obvious choice.

鈥淗e has done a tremendous job in establishing the business here in the UK and has more recently seen its expansion overseas to North America, the Middle East and South Africa. Chris and the team have achieved consistent growth year-on-year for the business and he鈥檚 leaving the team in great shape. I wish him a well-earned retirement.鈥�