Severfield, the Thirsk, North Yorkshire-based steel group, announced that Ian Cochrane, an executive director of the company, will leave on September 30, 2023.

“He is leaving to pursue other interests and the role of COO is not being replaced, rather COO duties are being re-assigned to other executive directors and the senior leadership team,” said the firm.

Severfield chairman Kevin Whiteman said: “We would like to thank Ian for his contribution to Severfield.

“Ian has been a member of the board of directors of the company since 2013 and has been with the group since 2007.

“He has overseen a number of important initiatives and contributed significantly to the profitable growth of the group in recent years.”

On June 14, Severfield said its revenue rose 22% to £491.8 million and underlying profit before tax climbed 20% to £32.5 million, ahead of expectations, in the year ended March 25, 2023.

Severfield specialises in the design, fabrication and construction of structural steel, with a total capacity of 150,000 tonnes of steel per annum. The group has seven sites, 1,800 employees and expertise in large, complex projects across a broad range of sectors.

The group also has an established presence in the expanding Indian market through its joint venture partnership with JSW Steel, India’s largest steel producer.