Alumasc Group (ALU): CEO succession

This situation live

£82m · 231.0p · −7% since the first step

New CEO / reset

CEO succession

CEO dismissed; Interim Executive Chair continues

Next: Name permanent CEO; further announcements in due course

Every step · 6

15 Jan 2026 Successor named; Hooper retires 31 March – Pamela will join Alumasc's Board on 2 March 2026 as CEO Designate and will take over as CEO on the retirement of the current Group Chief Executive, Paul... ↗
3 Feb 2026 Handover on schedule – Pamela Bingham joining as CEO Designate on 2 March 2026, Paul Hooper retiring as Chief Executive on 31 March 2026 to allow for an orderly handover ↗
16 Apr 2026 New CEO in post, driving self-help plans – The Group continues to progress its strategic initiatives under the leadership of its new CEO, Pamela Bingham, and has identified significant opportunities... ↗
17 Jul 2026 New CEO suspended; Chair acting as Executive Chair – CEO, Pamela Bingham, has been suspended by the Board pending an investigation into matters relating to her professional conduct. ↗
28 Aug 2026 CEO dismissed; Executive Chair continues – Vijay Thakrar, Interim Executive Chair, will continue in that role, supported by Alumasc's well-established management team. ↗
15 Sep 2026 CEO dismissed; Interim Executive Chair continues – The interim arrangements announced previously continue, with our Executive Directors (who have some 35 years’ combined tenure at Alumasc, and many more in... ↗

What is happening

Alumasc Group: CEO succession – CEO dismissed; Interim Executive Chair continues. ['CEO dismissed; Interim Executive Chair continues']

In short: Pamela Bingham succeeded Paul Hooper as CEO on 1 April 2026 to drive self-help. She was suspended on 17 July 2026 and dismissed on 28 August 2026 after an independent investigation. The 15 September 2026 results confirm Vijay Thakrar continues as Interim Executive Chair with the Executive Directors. He left the Audit and Remuneration Committees. No permanent CEO is named.
Announced: 15 Jan 2026 · Successor named; Hooper retires 31 March
Latest: 15 Sep 2026 · CEO dismissed; Interim Executive Chair continues
Support: Alumasc's well-established management team
Investigation: Full investigation, supported by professional advisors; no timetable given
Next milestone: Final results for year to 30 June 2026 on 15 September 2026
Outcome: CEO Pamela Bingham's employment terminated with immediate effect after a full independent investigation
Successor: No permanent CEO named
Dismissal: CEO Pamela Bingham's employment terminated 28 August 2026
Governance: Thakrar steps down from Audit and Remuneration Committees while in executive role
Continuity: Executive Directors with 35 years' combined tenure; wider management team

Name permanent CEO; further announcements in due course.

From the company's own announcements. Not investment advice.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

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