Former E.ON chief executive to join Costain as chairman

Paul Golby, the former chief executive of E.ON, will be the new chairman of Costain when he joins the company next month.

Golby replaces David Allvey, who retires as the company’s AGM in May after seven years in the post. A mechanical engineer, Golby spent nine years at E.ON UK (then known as PowerGen) as chief executive during which time he oversaw the transformation of the company from the smallest UK energy player into one of the country’s leading electricity and gas businesses.

He is also chairman of air traffic control company NATS, a non-executive director of National Grid and a member of the prime minister’s Council for Science and Technology. 

Commenting on his new role, Golby said: “I am honoured to have been asked to join Costain as chairman. It is a great British engineering success story with a strong heritage, outstanding brand and strong market positions. I look forward to playing a part in delivering further success as the Group accelerates its growth agenda.”

Founded in 1865, Costain is one of the UK’s leading engineering solutions providers with more than 4,000 employees and a turnover of £1.1 billion from its key sectors of rail, highways, power, water, nuclear and oil & gas.