Tue, 17 Feb 2026

Tue, 17 Feb 2026 Ex-Carillion boss fined for 'reckless' actions

Ex-chief executive Richard Howson acted "recklessly" and misled others, a watchdog says.
Former Carillion CEO Richard Howson fined £237,000 by UK's finance watchdog for reckless and misleading behavior regarding company's financial troubles. He failed to respond properly to warning signs of serious financial issues in Carillion's construction business between 2016-2017. The company collapsed in January 2018 with debts of £1.5bn, affecting many government contracts and causing job losses. Howson had responsibilities including ensuring accurate information was shared with investors but FCA found he knowingly participated in potentially false or misleading statements. FCA's Steve Smart said Carillion's failure caused significant harm to jobs, public projects and investor trust, leading the watchdog to hold senior leaders accountable.
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