Bilfinger GVA chief executive Rob Bould left the business last night.
Bould, 62, left the firm in a move initiated by Bilfinger Real Estate. He had been with the firm almost 40 years and chief executive for seven years.
He is expected to take up other non-executive positions and continue to play an active role at LandAid, the property industry charity, for which he sits on the board.
In 2014, Bould navigated GVA through its takeover by Bilfinger in 2014, a deal which took the company out of the hands of private equity firm Lloyds Development Capital. Bilfinger GVA, along with Bilfinger’s other property businesses, is being lined up for sale by its parent as a result of pro-active interest from third parties.
The company has shortlisted four prospective parties, including private equity investors, to buy the businesses and a decision is expected by MIPIM.
Private equity firm and KKR nor rival CBRE, which have previously been linked to the firm, are not amongst those shortlisted however.
All parties declined to comment.
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