British marine engineering firm James Fisher and Sons has announced the chief executive officer Nick Henry is retiring and will step down as by the end of December 2019.

Henry has been with James Fisher for 16 years, 15 of them as CEO.

Malcolm Paul, chairman of James Fisher, commented: “Nick’s track record as Chief Executive speaks for itself. He has overseen strong organic growth, particularly in our Marine Support and Specialist Technical divisions, and successfully completed a number of niche acquisitions. Nick will continue to deliver our consistent strategy during the coming financial year as we manage the transition to a new leadership.”

The company will begin the search process for a replacement, looking both internally and externally.