Chairman succession

News Release

13 May 2021

Chairman succession

Balfour Beatty plc, the international infrastructure group, is pleased to announce that Charles Allen, Lord Allen of Kensington, CBE, will be appointed as the next Chairman and a Non-Executive Director of the company.

Lord Allen will join the Board following the Annual General Meeting today, 13 May 2021, as a Non-Executive Director and, after a transition period, will assume the position of Chair from 20 July 2021 when he will succeed Philip Aiken, AM who has been Chair since 2015.

Lord Allen has extensive corporate experience across a range of sectors, most notably in support services and media.

His previous positions include Chair of ISS AS, Executive Chair of EMI Music, Chief Executive of ITV plc, Chief Executive of Compass Group and Chief Advisor to the British Home Office. He sits in the House of Lords and currently holds positions as Advisory Chairman, Moelis & Company and Chairman of Global Media and Entertainment.

Philip Aiken, Balfour Beatty Chair, said: "I am pleased to welcome Charles Allen to Balfour Beatty. He brings to our Board a wealth of experience of international companies, a range of sectors and Government."

"It has been a privilege to be part of Balfour Beatty over the last six years of significant progress. I wish all those who work with and for the Group the very best for its continued success."

Lord Allen said: "It is a good time to be joining Balfour Beatty, there are significant opportunities for the company to continue to develop in its chosen markets. I am looking forward to working with the Board and the management team to continue to create and deliver value to all stakeholders."

The Company confirms that there is no further information about Lord Allen requiring disclosure under paragraph 9.6.13 (2) to (6) of the Listing Rules of the Financial Conduct Authority.

ENDS

Analyst/investor enquiries:
Angus Barry
+44 (0)7966 281 635
[email protected] 

Media enquiries:            
Antonia Walton
+44 (0)7966 929 633
[email protected]

Notes to editors:

·    Balfour Beatty (www.balfourbeatty.com) is a leading international infrastructure group with 26,000 employees driving the delivery of powerful new solutions, shaping thinking, creating skylines and inspiring a new generation of talent to be the change-makers of tomorrow.  

·    We finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities. 

·    Over the last 112 years we have created iconic buildings and infrastructure all over the world including: the £1.5 billion A14 improvement scheme - Britain's biggest road project; Hong Kong's HK$5.5 billion world-class harbour theatre project for the West Kowloon Cultural District Authority; and the 12.5 mile $429 million North Metro Commuter Rail line in Colorado, US.