Former CEO of Virgin Active Health Clubs, Paul Woolf will join Mitie as the Group’s new CFO, and will be appointed to the Board with immediate effect. Sandip Mahajan, who has held the role of Group CFO since February 2017, will step down from the Board and take up a new role as the Group’s Chief Financial Transformation Officer.
Paul Woolf will report to CEO, Phil Bentley.
Phil Bentley, CEO of Mitie, said: “Sandip has been invaluable to Mitie’s turnaround story since he joined the organisation earlier this year, and I am delighted he will be staying with the organisation to complete the upgrade of our Group-wide finance function from a systems, governance and people perspective. I would like to personally thank him for the significant impact he has had in the upgrading and professionalisation of our finance capabilities to date.
I am delighted Paul Woolf will be joining Mitie. He is a highly-regarded leader with industry expertise and a proven track record in operational, financial and strategic oversight and execution. As Mitie continues to roll out its pioneering ‘Connected Workspace’ strategy and seeks to deliver exceptional service and value to its customers, Paul’s skills will be of immense value to the Group. I am very much looking forward to working with him as we drive the delivery of our three-year transformation programme.”
Derek Mapp, Mitie Chairman, said: “Mitie has undergone a period of significant change in the last 12 months, and Sandip’s attention to detail and deep understanding of our accounting and financial systems has been of outstanding value to our organisation. On behalf of the Board, I would like to thank him for his focus and dedication during this important time, as he takes on a key role to focus on our continued financial transformation. I would like to welcome Paul to the Mitie Board. Paul’s previous experience as a CEO, CFO and COO in both public and private companies, will bring additional skills to both the Board and our strong management team. The ongoing ability to attract high calibre executive talent to Mitie reflects the Board’s conviction that looking to the future, there are significant operational and growth opportunities for the Company.”