Serco CEO Rupert Soames to step down in December - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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British outsourcing company Serco Group Plc said on Monday Chief Executive Officer Rupert Soames will step down from the role and board by the end of December and will be succeeded by Mark Irwin, the chief of the firm’s UK & Europe division.

Aggreko Chief Executive Rupert Soames speaks at the CBI annual conference in London November 19, 2012.Aggreko Chief Executive Rupert Soames speaks at the CBI annual conference in London November 19, 2012.

In August, Serco raised its annual profit forecast and dividend, encouraged by a better-than-expected first-half performance partly driven by more immigration contracts in Australia and the UK. The company said it would hand out an additional 9 million pounds in one-off payments to around 45,000 non-management staff in the coming weeks to help them deal with surging inflation.

The group said lower demand for the COVID-19 services would reduce its revenue by around 480 million pounds in 2022.

 

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