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Balfour Beatty director exits

Balfour Beatty has announced that finance director Duncan Magrath will leave the business next year to seek “new challenges”, the company has said.

He has been with the company for eight years, including six years as chief financial officer (CFO).

He will continue as a board member and CFO until his successor has been identified, a Balfour Beatty statement said.

Steve Marshall, executive chairman, said: “Duncan has been our CFO for six years.  He has shown huge personal commitment to Balfour Beatty, and particularly in the recent more challenging times, his contribution and his resolve under pressure has been unwavering.

“Following the completion of the Parsons Brinckerhoff disposal and the announcement of our new Group CEO, Duncan will be seeking new career challenges in 2015.  In the meantime, he will continue on the Board as Group CFO, and will remain as strongly committed to this role as he has always been.”

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