Matt Blowers, former ISG chief executive, has taken a new role as joint managing director at Structure Tone London, marking a significant move in the industry.
- Blowers departed ISG in February following the revelation of the company’s financial troubles, alongside CFO Karen Booth.
- Blowers brings extensive industry experience from his 26-year tenure at ISG, aiming to elevate Structure Tone’s operations in the UK.
- He will collaborate closely with Justin Fahy, another ex-ISG executive, to leverage their combined expertise for growth.
- Structure Tone London, a subsidiary of a US firm, recently achieved profitability and continues its strategy of recruiting former ISG staff.
Matt Blowers, the former chief executive of ISG, has recently transitioned into the role of joint managing director at Structure Tone London. This move is seen as a significant development within the construction industry, as Blowers brings with him an extensive background and experience, having dedicated 26 years to ISG.
Blowers, along with former chief financial officer Karen Booth, left ISG earlier this year when the company’s financial challenges came to light. The situation at ISG culminated in the firm entering administration on 20th September. This departure marked the end of a notable chapter for Blowers, whose leadership at ISG was characterised by both his rise to the position of chief executive and his strategic decision-making.
In his new capacity at Structure Tone London, Blowers will work alongside Justin Fahy, a fellow former ISG executive. Fahy joined Structure Tone as commercial director in 2021 and ascended to the position of managing director shortly thereafter. Together, they are expected to harness their collective industry acumen to foster the company’s growth in the UK sector.
Structure Tone London, established in 2000, operates as a subsidiary of the US-based Structure Tone International, part of the STO Building Group Inc. Its primary focus is on fit-out and refurbishment projects. Notably, the company recently reported a pre-tax profit of £1.3 million in 2023 against a turnover of £134 million, marking its first profitable year since 2017.
The firm has a tradition of appointing former ISG personnel, reflecting a strategic recruitment policy aimed at strengthening its expertise. This history of recruitment is further underscored by the appointment of individuals like Blowers and Fahy, who are expected to play pivotal roles in steering the company towards continued success.
Justin Fahy expressed optimism about Blowers’ arrival, highlighting the potential for unlocking new opportunities through their partnership. Fahy noted the extensive industry relationships and insights that Blowers brings, which are anticipated to enhance Structure Tone London’s capacity to deliver excellence and reliability to its clients.
Amidst the backdrop of ISG’s challenges, Fahy also acknowledged the difficulties faced by other companies in the industry, extending support to affected employees and partners. This sentiment underscores the volatility in the construction sector and the resilience required to navigate its complexities.
Matt Blowers’ appointment at Structure Tone London marks a strategic step forward, aligning with the firm’s ambitions for growth and excellence in the UK.
