Mitty Group, the London-listed outsourcing company, has begun a search for a successor to Derek Mapp, its long-serving chairman.
Sky News has learned that the FTSE-250 company is working with search firm MWM Consulting to search for a replacement for Mr Mapp.
According to city sources, the search for potential candidates began in the past few weeks.
Mr Mapp has been a member of Mitie’s board since 2017, meaning he will no longer be considered independent for corporate governance purposes from May 2026.
It was not clear Friday whether he plans to continue serving until his ninth anniversary or whether he will leave the company sooner.
Under his leadership, and the management of Phil Bentley, the company’s CEO, MITI’s performance has steadily improved in recent years.
The company provides cleaning and security services to major corporate and government clients, and saw an increase in demand from the public sector during the post-election riots that swept across the country.
Among the contracts concluded by Miti is the management of a number of prisons and immigration detention centers.
On Friday afternoon, Mitie shares were trading at around 117.8p, giving it a market value of around £1.5bn.
Mete declined to comment.
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