11th Feb 2015 08:55
LONDON (Alliance News) - Balfour Beatty PLC on Wednesday said Philip Aiken has been appointed as its new chairman, with incumbent chair Steve Marshall to retire from the board on March 25.
Aiken is currently the non-executive chairman of FTSE 250 technology company Aveva Group PLC and a non-executive director on the board of FTSE 100 electricity grid operator National Grid PLC. He will step down from the National Grid role on February 25.
"Philip has many years of highly relevant international Board-level experience at the top of industry and we look forward to his valuable contribution to the business, including areas of paramount importance to the Group such as safety," said Balfour Chief Executive Leo Quinn.
Balfour shares were down 0.7% to 230.50 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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