Chief executive says he鈥檒l stay for medium to long term after Genivar acquisition

WSP Group chief executive Chris Cole has said he will stay at the engineer for the medium to long term after its buy-out by Canadian consultant Genivar.

Cole, who will become executive chairman of the combined firm, said of Genivar: 鈥淭hey want me to stay and so do I.鈥�

Cole was one of the founding partners of the firm in 1969 and became managing director of WSP in 1987 when it floated on the London Stock Exchange.

He said he will continue to be based in London 鈥渂ut will be visiting Canada a lot more鈥�.

If the merger is approved the combined firm intends to retain all of Genivar and WSP鈥檚 directors, including Genivar chief executive Pierre Shoiry.

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