John Murphy’s daughter quits company

Grant Prior 5 years ago
Share

Caroline Murphy has resigned as a main board director of the Murphy Group.

She was a former vice-chairman at the firm founded by her late father John Murphy.

Her departure is believed to have followed a disagreement with the current board over handing ownership of the company to its employees.

Caroline Murphy said:  “Following eight years with the Murphy Group, I have formally decided to exit the company.

“My father John Murphy, remains a great inspiration to me. I was delighted to have seen the company grow in strength during the years I worked to embed his values into the structure of the Murphy Group.

“The natural extension of my father’s values in my view, is the development of the Murphy Group into an Employee Owned structure.

“I believe the future of his legacy is best entrusted into the capable hands of its people.

“I have been vocal in my belief that leadership of this business must include those working on the ground if it is to continue to deliver for the clients who have placed their trust in us over the years.

“Taking into account the direction of the board’s interests, the current structure holds no space for me to develop this process further.

“I wish all within the Murphy Group the greatest success for the future. I hope the company goes on to represent my father and continues to provide work and opportunity for many years to come.”

Caroline said she would continue to work for company shares held in her name to be transferred into an employee-owned structure.

Her shares are held in a trust scheduled for the benefit of the Murphy family consisting of John Murphy’s four children and his wife.

 

Latest news

Forrest sites closed as contractor tries to refinance business

Company denies administration rumours as talks with banks continue
16 hours ago

Pre-construction work starts on £1bn Silvertown Tunnel

Specialist ITM Monitoring lands deal under pioneering Tfl framework
8 hours ago

Wates appoints former Willmott Dixon finance chief

Philip Wainwright joins as new Chief Financial Officer
11 hours ago

Spurs strike deal to use Wembley for whole season

Club agrees contingency plan if new stadium still not ready in the New Year
1 day ago

Galliford Try appoints new highways ops director

Three former Carillion directors now senior directors at highways business
15 hours ago

Plan for £410m London Camden Lock estate rebuilds

Estate rebuilds and linked Barratt scheme will deliver 1,300 homes at Camden Goods Yard site
15 hours ago

McAvoy wins Northumbria offsite hospital wing job

£15m order for new wing at Northumbria Specialist Emergency Care Hospital in Cramlington.
15 hours ago

Strabag confirmed for potash mine tunnel fit-out

Yorkshire potash mine developer signs off final construction contract
15 hours ago

Gravity probe could spell an end to hole digging on sites

Scientists get funding for new generation of sensors which could revolutionise ground investigation work
3 days ago

Amey wins £50m North West roads design

Amey Consulting secures Area 10 design deal adding to its maintenance contract
3 days ago

Boost your online presence – join the new Enquirer Directory

New site for suppliers and buyers will showcase their products, services and latest stories
6 months ago

Construction new work output grows 2.8% in third quarter

Activity rebound driven by new private housing
3 days ago

McLaren gets green light to start Tottenham Hale revamp

Landlord Grainger acquires first phase of redevelopment scheme for £41m
4 days ago

Building boss fined after roof collapse on resi conversion

Lucky escape for three tilers after roof cave-in
4 days ago

Go-ahead for £100m Cardiff Interchange

22-storey flats, offices and bus station plan approved
4 days ago

Willmott Dixon Interiors appoints new Midlands chief

Phil Crowther to head midlands expansion of interiors business
4 days ago

Contractor hunt starts for £50m Leicester mixed-use scheme

Developer keen to talk to builders ahead of 2019 start date
4 days ago

Chinese contractor starts first Liverpool major project

£80m Lexington tower is to be built at Princes Dock for developer Moda
5 days ago

Toshiba scraps £15bn Moorside nuclear power station plan

Plan to build Europe's biggest nuclear power station binned
5 days ago

Betting Spy: Win double for West Ham and Spurs

Double pays 3/1 while Betting Spy is off to the rugby
4 days ago

Latest Aberdeen bypass delay costs Galliford Try extra £20m

Hit on Aberdeen Western Peripheral Route rises to £143m for Galliford Try
5 days ago

Clients fastest payers among Build UK members

Only four member firms pay their bills within 30 days: Full league table of payers
5 days ago

Court hands out £1.2m fine after digger ruptures gas pipe

Distributor and contractor fined after two workers injured during repair work
5 days ago

Subcontractors wanted for £50m Liverpool Cruise terminal

McLaughlin & Harvey has 50 work packages up for grabs: Register your interest now
5 days ago

Grainger signs London council JV for 300-home scheme

Plans to be submitted next year for Lewisham Council Besson Street scheme
5 days ago

Competition watchdog calls in powered access merger

Competition and Markets Authority investigates Nationwide Platforms deal to buy HSS's UK Platforms business
5 days ago

Plans for Birmingham ‘NEC city’ and airport expansion

Plan for extra 3.4m sq ft and 2,500 homes at NEC campus
6 days ago

Fifteen firms to share £8.7bn highways bonanza

Highways England switches to performance rather than profit based deals
6 days ago

Persimmon chief to leave after £75m bonus controversy

Jeff Fairburn to step down "by mutual agreement and at the request of the company"
6 days ago

Acheson & Glover Precast placed in administration

Pre-stressed hollowcore flooring specialist collapses
6 days ago

Contractor services