Alumasc Group CEO Suspended While Her Professional Conduct is Investigated

Alumasc Group has suspended its Chief Executive Officer (CEO), Pamela Bingham while they conduct an investigation into her professional conduct.

The building products company announced the suspension today, saying a full investigation is being undertaken, supported by its professional advisors.

Vijay Thakrar, Non-Executive Chair, will assume the role and responsibilities of Executive Chair temporarily. Vijay will be supported by Alumasc’s management teams, including the Group’s divisional managing directors and the CFO, who have around 35 years’ combined tenure at Alumasc.

Pamela Bingham began working for Alumasc in March 2026, initially taking up the CEO role as designate before assuming it fully in April.

She has a strong track record in senior leadership roles, having joined Alumasc from ERIKS, an industrial service provider, where she was CEO for two and a half years. She has also been a CEO for Glen Dimplex and a non-executive director of Tyman plc.

CEO Suspended

News of the CEO’s suspension came as Alumasc plc posted a trading update. Alumasc says it “continues to deliver a very resilient performance amidst a challenging market backdrop, and enters the new financial year with a significantly expanded order book.”

The company says it will further update shareholders in due course.

In its full year trading update for FY26, revenue is expected to be £107 million, down from £113 million in FY25, and underlying profit before tax anticipated at £10 million, a decrease from £14 million in the prior year, reflecting challenging macroeconomic conditions and delays in order conversion.

Of its three divisions, Housebuilding saw revenue growth of c.16% on the previous year, Building Envelope revenues are similar and Water Management revenues declined c.16%.

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