Appointment

RNS Number : 3447D

Balfour Beatty PLC

01 December 2009

 



1 December 2009

GEORGE PIERSON APPOINTED CHIEF EXECUTIVE OFFICER 

OF PARSONS BRINCKERHOFF INC.

Balfour Beatty, the international infrastructure group operating in construction services, professional services, support services and infrastructure investments, announces today that George Pierson, currently the President and Chief Operating Officer of Parsons Brinckerhoff's Americas operations, has been appointed Chief Executive Officer of Parsons Brinckerhoff Inc. 

Keith Hawksworth, currently Chief Executive Officer, is to become Chairman, succeeding Jim Lammie, who is retiring.

Both appointments are effective from 1st January 2010.

Ian Tyler, Chief Executive, Balfour Beatty, said:

"I look forward to working with George as he leads the Parsons Brinckerhoff team within the Balfour Beatty Group to deliver the exciting opportunities which the combination of the two businesses creates.

"I would also like to thank Keith Hawksworth and Jim Lammie who have led Parsons Brinckerhoff with skill and determination over the past two years of strategic change.  I am very grateful for their leadership during the acquisition process and for their support in the period since.

"I offer Jim my best wishes in his retirement and I look forward to working with Keith in his new role on issues relating to the long-term development of our professional services business."

George Pierson will retain his position as Chief Operating Officer of PB's Americas division and Stuart Glenn will continue in his role as Chief Operating Officer, International. 

The acquisition of Parsons Brinckerhoff, one of the world's leading professional services companies, for US$626 million (c.£380 million) was completed in October 2009 and achieves a number of key strategic objectives for Balfour Beatty including the development of a global professional services business and the further strengthening of its US presence.  

George Pierson joined Parsons Brinckerhoff in 2006 and was appointed Chief Operating Officer - Americas in January 2008.

ENDS

Enquiries:

Duncan Murray

Balfour Beatty plc

Tel. [phone]

Notes to Editors:

1.

Balfour Beatty (www.balfourbeatty.com) is a world-class infrastructure group operating in construction services, professional services, support services and infrastructure investments. We work in partnership with our customers principally in the UK, the US, South-East Asia and the Middle East, who value the highest levels of quality, safety and technical expertise.   Our key infrastructure markets include transportation (roads, rail and airports); social infrastructure (education, specialist healthcare, and various types of accommodation); utilities (water, gas and power transmission and generation) and commercial (offices, leisure and retail). We deliver services essential to the development, creation and care of these infrastructure assets including investment, project design, financing and management, engineering and construction, and facilities management services.   Balfour Beatty employs more than 53,000 people around the world and its strong financial position offers continuing flexibility to make appropriate investments in long-term growth opportunities.

2.

George Pierson holds an MS in civil engineering from the University of California at Berkeley and a BS in civil engineering from Bucknell University, and is a registered professional engineer in California.  He was appointed Chief Operating Officer - Americas for Parsons Brinckerhoff in January 2008. Prior to joining Parsons Brinckerhoff in 2006, he operated as an engineer for various water resources projects, ran an environmental remediation business and served as the project executive on numerous assignments, including a US$160 million engineering, procurement and construction project in Saudi Arabia.  Mr Pierson also holds a degree from Harvard Law School and an MBA from St. Mary's College of California.

 

END

 

 

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