Directorate Change

RNS Number : 5879A

Balfour Beatty PLC

21 March 2013

 



Balfour Beatty plc - Directorate Change

Balfour Beatty plc, the international infrastructure group, announces that Hubertus Krossa, Non-executive Director, will be retiring from the Board at the Company's Annual General Meeting on 16 May 2013.  His retirement arises as a result of the Board's strategic decision to divest itself of its Mainland European rail operations as it continues to focus on growth in target geographies and sectors, referred to in the 2012 annual results announcement published on 7 March 2013.

Commenting today, Steve Marshall, Chairman, said

"On behalf of myself and my colleagues on the Board, we would like to thank Hubertus Krossa for the contribution he has made since joining the Board in September 2008.  As Non-executive chairman of the supervisory board of Balfour Beatty Rail GmbH, he has also provided considerable insight to the German market and has made a significant contribution as this business has undertaken its own strategic review.  Having taken the broader divestment decision on Mainland European rail operations and, as the Company moves forward with its geographies and market sectors strategy, it is now timely for Hubertus to stand down from the Board.  He has agreed to continue as chairman of the supervisory board in Germany, as we restructure this business locally."

Contact:

Head of Secretariat

020 7216 6800

 

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