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    1. Home
    2. >Finance
    3. >UK's Serco CEO Mark Irwin set to retire after two years in the role, Sky News reports
    Finance

    UK's Serco CEO Mark Irwin Set to Retire After Two Years in the Role, Sky News Reports

    Published by Global Banking & Finance Review®

    Posted on January 12, 2025

    1 min read

    Last updated: January 27, 2026

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    Quick Summary

    Serco CEO Mark Irwin will retire after two years, with a new leader from within the company to be announced. Irwin took over in December 2022.

    Serco CEO Mark Irwin Announces Retirement After Two Years

    (Reuters) -British outsourcer Serco will unveil a succession plan on Monday that will see CEO Mark Irwin retiring after two years in the job, Sky News reporter Mark Kleinman said in an X post on Sunday.

    Irwin's replacement will be selected from the company's existing management, the post added.

    Serco declined to comment on the post.

    Irwin took the helm in December 2022 and succeeded Rupert Soames, the grandson of former British Prime Minister Winston Churchill.

    The British outsourcing company said in November it was unsuccessful in its bid to renew an immigration services contract with the Australian government.

    Serco’s operations in the UK span defence, space, healthcare, justice and migration, transport and citizen services, according to its website.

    (Reporting by Angela Christy in Bengaluru; Editing by Lisa Shumaker and Diane Craft)

    Key Takeaways

    • •Serco CEO Mark Irwin will retire after two years.
    • •The succession plan will be revealed on Monday.
    • •Irwin's successor will come from within Serco's management.
    • •Irwin succeeded Rupert Soames in December 2022.
    • •Serco recently lost an Australian immigration contract.

    Frequently Asked Questions about UK's Serco CEO Mark Irwin set to retire after two years in the role, Sky News reports

    1What is the main topic?

    The main topic is the retirement of Serco CEO Mark Irwin and the company's succession plan.

    2Who will replace Mark Irwin?

    Mark Irwin's replacement will be selected from Serco's existing management team.

    3What challenges has Serco faced recently?

    Serco recently lost a bid to renew an immigration services contract with the Australian government.

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