In addition, Alastair Kerr has resigned as Director with effect from 10 June.
Speaking at the company's Annual General Meeting last week, Mr MacLellan said: "The Board is pleased to report that the management actions taken in late 2015 to restructure and right size the business are making a positive contribution. We continue to work on simplifying the business and maximising the customer experience, both of which are key factors in helping us achieve the medium-term goal of diversifying our customer base and growing the business.
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"Having been on the Board of Havelock for six years and having been chairman for four of those years, during which time I have overseen a number of important developments including the appointment of a new CEO, a new FD and a refreshed senior management team, I feel that now is a good time for me to step down.
"To this end, I have asked my colleagues under the direction of Richard Sweetman to commence the search for an external candidate to assume the role of Chairman and I would hope that this can be concluded by the end of this year."
(LM/MH)
