Stockport businessman appointed as director of prestigious Manchester construction company

By Alasdair Perry 23rd Jan 2025

Mike Foy (left) with Panacea Building Systems managing director Dean Johnston (Image supplied)
Mike Foy (left) with Panacea Building Systems managing director Dean Johnston (Image supplied)

A Stockport businessman has been appointed as the director of a prestigious Manchester-based construction company.

Stockport local Mike Foy is now director of Panacaea Building Systems, a company based in Altrincham which provides steel framing for healthcare and residential construction projects.

Panacaea produces bespoke steel frames which makes building processes faster, simpler and more economically and environmentally efficient.

Mike will cover a range of areas including pre-construction, commercial and operational activities.

Professionally qualified as a quantity surveyor, Mike brings more than 25 years of experience to his new role, having worked in quantity surveying and operations management and as a commercial director for specialist contracting and subcontracting businesses.

He said: "I have closely followed the growth and development of Panacea which is a superb product. With my relevant expertise in this area, it was a logical move for me allowing me to join a company with great potential at this exciting time."

Panacea Building Systems managing director Dean Johnston added: "We are delighted that Mike has joined Panacea. Having specialised in offsite solutions for the last 17 years, he brings a wealth of experience to the role and I am confident he will be a great asset as the business develops.

"Having worked with Mike previously I already know the drive and commitment he will bring to Panacea."

Age 44, Mike lives in Stockport with his wife and four sons. His weekends are largely taken up with grassroots football and coaching his youngest in the East Manchester Junior Football League.

When not coaching or supporting from the sidelines, he is an avid Manchester United fan and enjoys going to the gym and country walks followed by a quick drink in the pub with his wife.

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