Mouchel takes on Shearer

Mouchel has named the turnaround specialist David Shearer as its new chairman from January, with the task of turning around the loss-making outsourcing company, which has seen government spending cuts hit demand.

Mr Shearer led the restructuring of the housebuilder Crest Nicholson as chairman and has been involved as a non-executive director in the turnaround and refinancing of industrial chain maker Renold, Scottish media company STV and glass fibre insulation firm Superglass.