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Philip Aiken will take over from Steve Marshall as non-executive chairman of Balfour Beatty 26th March 2015.
Philip Aiken, aged 66, was president of BHP Petroleum from 1997 to 2006. The bulk of his career was spent with BOC Group, from 1970 to 1995.
Balfour Beatty describes him as a man with extensive international business experience in the industrials and resources sector having worked across the UK, USA, Asia and the Middle East.
He is currently non-executive chairman of Aveva Group, a non-executive director of National Grid and of Newcrest Mining. He will step down from the board of National Grid this month.
Balfour Beatty group chief executive Leo Quinn said: “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. The board is focused on the group wide transformation programme and capturing the significant opportunity to drive leaner stronger processes, improved profits and strong cash generation to the benefit of our shareholders.”
Philip Aiken said: “I am very much looking forward to working with the board and the executive team in setting the business back on the course of value creation with Leo and his team. Balfour Beatty has great people and a vast depth of engineering capability and technical expertise. The group is striving to ensure that the value delivered to our customers translates into best-in-class performance and restores Balfour Beatty to strength.”
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