1st Apr 2021 14:29
(Alliance News) - Balfour Beatty PLC on Thursday asked outgoing Chair Philip Aiken to remain in the role beyond the company's annual general meeting as it still has not found a replacement.
Aiken was set to step down on May 13, after the construction firm's AGM.
"An externally supported search for a suitable successor is progressing well but Philip Aiken's successor is unlikely to be in post before the annual general meeting," Balfour said.
It added: "The board has therefore asked Philip Aiken to remain as group chair until his successor can take up the position. Philip Aiken will then step down from the board upon the successful handover to the new group chair."
Shares in Balfour Beatty were 0.5% higher in London on Thursday at 296.80 pence each.
By Paul McGowan; [email protected]
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