Balfour Beatty ( (GB:BBY) ) just unveiled an update.
Balfour Beatty has announced that Leo Quinn will step down as Group Chief Executive after over a decade of leadership, with Philip Hoare, currently Chief Operating Officer at AtkinsRéalis, set to succeed him in September. Under Quinn’s leadership, the company has seen significant financial growth, including a transformation from net debt to net cash, and a substantial return of capital to shareholders. Hoare’s appointment is expected to continue this trajectory, leveraging his extensive experience in engineering and project management to drive further success in Balfour Beatty’s chosen markets.
More about Balfour Beatty
Balfour Beatty is a leading international infrastructure group with 26,000 employees. The company finances, develops, builds, maintains, and operates complex infrastructure projects that support national economies and local communities. With a 115-year history, Balfour Beatty has been involved in iconic projects worldwide, including the Hinkley Point C nuclear power station in the UK, the Lyric Theatre in Hong Kong, and the Automated People Mover at Los Angeles International Airport.
YTD Price Performance: 2.11%
Average Trading Volume: 931,790
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.34B
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