A Newcastle-based recruitment company is predicting an upsurge in business after appointing a new chief executive.
Chris Rigg, currently corporate director at Barclays in the North East, will join Northern Recruitment Group (NRG) in October, taking over from current chief executive and founder Lorna Moran, who will move into the role of chairman.
The announcement comes after the group reported its annual results for 2012, which show turnover dropped £2m to £19m, while profit went from £1.1m to around £1m.
Moran, who has been at the helm of NRG for more than 30 years, said this was a “robust performance in challenging times”, and predicted a strong performance ahead under the new leadership.
“Chris brings a wealth of business experience to the role and the board is confident that he and managing director Therese Liddle will drive NRG forward in the coming years,” she said.
“I am still passionate about the North East, so I’ll remain very active in helping businesses in the region to grow by finding the right people for them, but I know that Chris and Therese will make a great job of running and developing the business for the future.”
At Barclays, Rigg is responsible for working with many of the bank’s leading corporate clients.
Prior to joining the bank, he worked Eaga plc, where his roles included group corporate finance director and managing director of Eaga Clean Energy Limited.
He was also responsible for leading the country’s largest, and only multi-customer, PFI fund-raising to support the installation of solar energy for domestic properties in the UK, raising ï¿½300m.
Rigg, a chartered accountant who trained with PricewaterhouseCoopers, spent nine years with Deloitte’s corporate finance advisory team in Newcastle, becoming a director in 2007. NRG managing director Therese Liddle added: “With Chris coming on board to join an already strong business, our whole team is looking to 2014 and beyond to develop NRG to serve our clients and candidates ever better.”
Moran is leading a recruitment process to fill the vacancy left following Fiona Cruickshank’s decision to step down from the board of the North East Local Enterprise Partnership (NELEP).
Cruickshank is non-executive chair at SCM Pharma, which she set up in 2004, a founder of Gabriel Investors and a strategic advisory board member of BioNow.
Anyone interested in applying for the role should call NRG on 0191 260 4412 or email@example.com.