Carillion’s failure has prompted the Government to warn that the Receiver and regulators have the powers to seek penalties against directors if misconduct is uncovered. But who were the firm’s main players?
:: Richard Howson
Mr Howson was chief executive of Carillion from 2012 until he stepped aside in July 2017 when Carillion issued a shock profit warning to the City.
He took home £1.5m in 2016, including almost £600,000 in bonuses. He is due to receive his £660,000 salary and other benefits totalling £28,000 until October this year under the terms of his departure.
:: Keith Cochrane
The former Weir Group boss was brought in as interim chief executive following Mr Howson’s resignation.
He had been a director at Carillion for the past two years and is also due to continue to receive £750,000 salary up until July 2018.
:: Philip Green
No – not Sir Philip of BHS fame – but another Philip Green linked to a business failure costing thousands of jobs.
Philip Green has been with Carillion since 2011 when he joined the board ahead of becoming non-executive chairman in 2014.
He was previously found guilty of a breach of trust by the Pensions Ombudsman, when he was chief executive of the collapsed home furnishing company Coloroll.
:: Alison Horner
Ms Horner’s main job is heading the human resources operation at the country’s biggest retailer, Tesco, but she has sat on the board at Carillion since 2013.
She chaired the infrastructure group’s remuneration committee, which sets and enforces pay policies.
:: Zafar Khan
Mr Khan is another former executive who is continuing to receive money after leaving Carillion.
He is due to receive his chief financial officer’s salary of £425,000 until July, despite stepping aside in September 2017 after little more than a year in the job.
:: Emma Mercer
Ms Mercer took over as chief financial officer after Mr Khan left.
She had previously held several senior positions within the company over a decade-long career at Carillion.
:: Baroness Sally Morgan of Huyton
The former Ofsted chair and minister for women joined Carillion’s board as a senior independent non-executive director in July last year.
:: Andrew Dougal
Mr Dougal joined Carillion’s board in 2011 and chaired its audit committee which is responsible for oversight of the financial reporting process, selection of the independent auditor and receipt of audit results.
He had previously held the same role at Taylor Wimpey, Taylor Woodrow and Creston.
He is a former boss at building materials group Hanson and left Carillion at the end of December.
:: Justin Read
Mr Read had just succeeded Mr Dougal as chair of the audit committee, only joining the board at the start of January.
More from Carillion
:: Alan Lovell
Mr Lovell, a former chief executive of Costain, was also a non-executive director of Carillion – appointed to the board in November.
Source: Sky