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Balfour chairman prepares to leave, co starts search for successor - Sky News

Mon, 12th Oct 2020 20:15

Oct 12 (Reuters) - British infrastructure group Balfour
Beatty Plc has started a search for new chairman as
current chairman Philip Aiken is preparing to leave the firm,
Sky News reported on Monday.

Aiken planned to step down at or around the company's 2021
annual meeting after six years in the post, the report https://bit.ly/3iYTJkQ
said citing sources.

Balfour, one of the key contractors on the HS2 high-speed
rail link, has appointed Egon Zehnder, a global management
consulting and executive search firm, to begin the search for a
new chairman, the report said.

Aiken joined the firm in 2015 at a time when the group had
announced a string of profit warnings and rejected merger
approaches.

Balfour did not immediately respond when Reuters contacted
them for a comment.

(Reporting by Aishwarya Nair in Bengaluru
Editing by Chizu Nomiyama)

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