258:"... under him it careered progressively out of control. His misguided self-assurance obscured an apparent lack of interest in, or understanding of, essential detail, or any recognition that Carillion was a business crying out for challenge and reform. Right to the end, he remained confident that he could have saved the company had the board not finally decided to remove him. Instead, Mr Howson should accept that, as the longstanding leader who took Carillion to the brink, he was part of the problem rather than part of the solution."
274:
action (possible sanctions include public censure, fines and suspensions from holding certain positions). In
January 2021, the Insolvency Service said it would seek to ban eight former Carillion directors, including Howson, from holding senior boardroom positions. In July 2022, the FCA announced it had decided to fine Howson £397,800; the former director was appealing against the penalty.
153:, a British multinational facilities management and construction services company that went into liquidation in January 2018. Howson's "misguided self-assurance" was said to have contributed to the company's collapse. In October 2023, Howson was disqualified from being a director of a UK company for eight years for his conduct as a director of Carillion.
207:
temporarily taking on the role. Howson was asked to return his bonus, following the announcement of an £845 million impairment charge in its construction services division under his leadership at
Carillion. On 29 September 2017, it was revealed that Carillion's losses for the six months ended 30 June
273:
In
November 2020, the Financial Conduct Authority said some Carillion directors had "acted recklessly" and released "misleadingly positive" market updates before it collapsed. As a result, the FCA said it had sent notices to some (unnamed) former Carillion directors warning of possible enforcement
269:
The parliamentary process and findings have been questioned by former
Carillion executives as lacking in objectivity and thoroughness, treating a highly complex situation in an incomplete manner. Howson (whose letters were published by the select committees on 12 July 2018) contends that Carillion
194:
before becoming operations director for the
Carillion Building business in 1999. In March 2004 he was promoted to national construction director on the Carillion Building senior management team, before becoming managing director of Carillion Rail in 2006, and then managing director of Carillion's
270:
was a victim of its public sector clients and that “any analysis as to the causes of the failure of
Carillion is not complete without looking at how government and the wider public sector procured services from Carillion and failed to administer payments.”
253:
In the final report of the
Parliamentary inquiry into the collapse of Carillion, published on 16 May 2018, Howson was severely criticised, described as "the figurehead for a business model that was doomed to fail". The report continued:
208:
2017 totaled £1.15 billion, following a further write-down of £200 million, this time in its support services division. On 15 January 2018, Carillion went into compulsory liquidation. The company is under formal investigation by the
249:
Carillion investors said the board focused more on their pay than the company's performance, with the protection of directors' pay extending to the creation of a secret bank account for Howson's share-related bonuses.
246:, and Howson said he felt like "a bailiff" in chasing the debt. (Howson and the board's claim was disputed by Msheireb Properties, who were said to be considering a £200m claim against Carillion.)
203:
Howson was appointed as chief executive officer of
Carillion in December 2011. He stepped down in July 2017, following a profits warning that led to the company's shares falling almost 40%, with
977:
848:"Carillion: Responses from Interested Parties to the Tenth Report of the Business, Energy and Industrial Strategy Committee and Twelfth Report of the Work and Pensions Committee"
277:
In
October 2023, the Insolvency Service announced Howson had been disqualified from being a director of a UK company for eight years for his conduct as a director of Carillion.
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After giving evidence on 6 February 2018, Howson was one of several former
Carillion directors described as "delusional characters" by
822:
Carillion: Second Joint report from the Business, Energy and Industrial Strategy and Work and Pensions Committees of Session 2017–19
795:
Carillion: Second Joint report from the Business, Energy and Industrial Strategy and Work and Pensions Committees of Session 2017–19
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Middle East and North African operations in 2007. Howson was appointed chief operating officer of Carillion in September 2010.
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should consider whether the former Carillion directors, including Howson, could be disqualified from acting as a director.
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Banned from being a director of a UK company, Howson was appointed construction president of an American contractor -
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484:"Carillion investors seek bonus clawback from former executives Richard Howson and Richard Adam"
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610:"Former Carillion bosses to give explosive tesimony to MPs this week and pin blame on Qataris"
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in April 2016, but resigned on 17 January 2018, following the collapse of Carillion.
149:(born August 1968) is a British businessman, and the former chief executive (CEO) of
216:
384:"Carillion CEO Encourages Students to Consider Engineering – Speakers for Schools"
584:"Former Carillion directors branded 'delusional' at MPs' Q&A | Business"
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308:, North Yorkshire, and a six-bedroom chalet in the French alpine ski resort of
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238:). During evidence, the company claimed it was owed £200m in relation to the
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926:"Legal bid launched to ban ex-Carillion directors from top boardroom roles"
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688:"Sheiks demand hearing to rebut Carillion's allegations of non-payments"
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122:
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83:
900:"Carillion directors 'recklessly' misled the market, says watchdog"
740:"Carillion bosses focused on their own pay rather than the company"
662:"Carillion executives accused of giving misleading evidence to MPs"
330:"CARILLION PLC - Officers (free information from Companies House)"
509:"Carillion shares slump by a fifth as it reveals loss of £1.15bn"
305:
165:, and earned a bachelor's degree in construction management from
1081:"£660k Carillion boss pictured smiling weeks after he quit firm"
813:
458:"Carillion boss steps down as shares crash 40% | Business"
714:"Qatari developer could bring legal action against Carillion"
243:
1029:"Ex-Carillion boss resigns from Aberdeen oil services giant"
1056:"Ex-Carillion boss lands senior role at US tech contractor"
766:"Carillion agreed secret bonus account for Richard Howson"
952:"Three former Carillion bosses fined £870k by watchdog"
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608:Withers, Iain; Curry, Rhiannon (4 February 2018).
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1004:"Former Carillion CEO banned for eight years"
978:"Former Carillion bosses face £870,000 fines"
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828:. London: House of Commons. 2018. p. 93
801:. London: House of Commons. 2018. p. 88
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435:"Carillion chief to join Wood Group board"
285:Howson became a non-executive director of
557:"Carillion probed by financial watchdog"
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236:Business, Energy and Industrial Strategy
924:Partington, Richard (13 January 2021).
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304:Howson and his wife Geri own a home in
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296:-based TECfusions - in January 2024.
262:The report also recommended that the
712:Curry, Rhiannon (21 February 2018).
686:Harwood, Anthony (9 February 2018).
635:"I felt like a bailiff, says Howson"
422:
13:
1128:Alumni of Leeds Beckett University
531:"Carillion to go into liquidation"
511:. The Telegraph. 29 September 2017
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898:Price, David (13 November 2020).
1054:Morby, Aaron (24 January 2024).
872:Howson, Richard (12 July 2018).
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1002:Prior, Grant (4 October 2023).
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976:Stein, Joshua (28 July 2022).
764:Price, David (26 March 2018).
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456:Julia Kollewe (10 July 2017).
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437:. Insider.co.uk. 15 April 2016
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38:August 1968 (age 56)
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950:Prior, Grant (28 July 2022).
738:Morby, Aaron (7 March 2018).
582:Rob Davies (1 January 1970).
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212:for the term Howson was CEO.
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199:CEO of Carillion (2011-2017)
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210:Financial Conduct Authority
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355:"Settle College Matters"
161:Howson was educated at
878:The Construction Index
692:The Construction Index
639:The Construction Index
537:. BBC. 15 January 2018
312:. They have two sons.
240:Msheireb Downtown Doha
1060:Construction Enquirer
1008:Construction Enquirer
956:Construction Enquirer
874:"What the MPs Missed"
744:Construction Enquirer
482:Collingridge, John.
119:Board member of
16:Former Carillion CEO
1133:People from Skipton
281:Other directorships
147:Richard John Howson
35:Richard John Howson
264:Insolvency Service
1087:. 16 January 2018
1035:. 17 January 2018
982:Construction News
904:Construction News
770:Construction News
641:. 6 February 2018
228:Work and Pensions
182:Howson worked at
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242:project in
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157:Early life
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718:Telegraph
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151:Carillion
108:Successor
84:Carillion
51:Education
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930:Guardian
775:26 March
666:Guardian
561:BBC News
535:BBC News
137:Children
987:29 July
961:29 July
883:12 July
857:13 July
749:8 March
467:10 July
306:Skipton
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310:Châtel
230:) and
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140:2 sons
129:Spouse
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