Balfour Beatty has completed its first asset sale for over a year as it returns to a strategy of generating cash from its portfolio of investments. The
Lord Allen will join the board as a non-executive director following the Annual General Meeting (AGM) today and, after a transition period, will assume
Balfour Beatty confirms new chairman
Balfour Beatty has named Lord Charles Allen as its new chairman.
The former ITV chief executive will join the board following the group’s AGM today and take over from current chair, Philip Aiken, at the end of July. Aiken said of the new chair: “He brings to our board a wealth of experience of international companies, a range of sectors and government.” It was first reported last week that Lord Allen had been lined up to take over.
Lord Allen said: “It is a good time to be joining Balfour Beatty. There are significant opportunities for the company to continue to develop in its chosen markets.”
Balfour Beatty names broadcast boss Lord Allen as new chair
Infrastructure firm Balfour Beatty this morning announced that businessman and broadcaster Lord Charles Allen would become its next chairman.
The FTSE 250 firm said that Allen, a former chief executive of ITV and Granada, would take over as chair in July.
A Labour peer, Allen has also been chairman of ISS and EMI Group, as well as chief advisor to the Home Office.
Current chair Philip Aiken said: “I am pleased to welcome Charles Allen to Balfour Beatty. He brings to our Board a wealth of experience of international companies, a range of sectors and Government.”