Allen, who joined Mace at the start of 2023 after serving as chief executive officer at Wates, will leave in October after overseeing a major overhaul of the group’s finance operations, including its refinancing last year and the recent carve-out of Mace Consult.
Group financial director Tony Arthurton will step in as interim chief financial officer while the business searches for a permanent successor.
Allen said he had decided to start “a new chapter” after 32 years of full-time work, adding that he wanted to spend more time with family and friends, pursue personal interests and improve his fitness.
His departure comes during a period of significant change at Mace. Alongside the separation of its consultancy arm, the contracting business is preparing to relocate from its long-standing Moorgate headquarters later this year and is understood to be considering a new trading name.
Mark Reynolds, executive chair of Mace Construct said: “Since David shared his plans for the future at the start of April, he and I have been working to agree the right moment for him to step down as we continue to simplify the business following the carve-out of Mace Consult. I’m delighted that Tony will take on the role of interim CFO and look forward to working closely with him as we continue to deliver and perform through this transition.
“Over the past three and a half years, David has made a significant contribution to the Group’s success through his leadership of the finance function and his counsel to the Mace Construct board. On behalf of the board and our executive committee, I would like to thank him for his dedication and leadership, and to wish him every success for the future.”
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Aaron Morby