Balfour Beatty has announced that Ian Tyler will hand over to Andrew McNaughton as Chief Executive, effective from 31st March, 2013.

Andrew will take over leadership from Ian Tyler, who has led the organisation successfully for eight years. Ian will remain with the Group until 30th April to ensure a smooth transition.

Andrew McNaughton is currently Deputy Chief Executive and Chief Operating Officer. He joined Balfour Beatty in 1997 and was appointed to the Board in 2009 as Chief Operating Officer, leading the worldwide operations for the last three years where he has been instrumental in developing the Group's global strategy to move into higher growth sectors and geographies. In line with the Board’s succession plan, he was promoted to Deputy Chief Executive on 1st July 2012, at which point he assumed additional responsibility for the Investments division and for various global functions including Health & Safety and Human Resources. Andrew is a chartered civil engineer and Vice-President of the Institution of Civil Engineers.

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Steve Marshall, Chairman, said: "The Board is delighted that someone of Andrew's calibre has developed from within the business and is now ready to take over the role of Chief Executive from Ian. Andrew has a deep understanding of our customers and operations, and the relentless drive necessary to successfully deliver the strategy that he has been intimately involved in developing.

"On behalf of the Board, I want to say a huge thank you to Ian Tyler for his outstanding contribution to Balfour Beatty during his sixteen-year career with the Group, including, the last eight years as Chief Executive. During Ian's tenure, the business has trebled in size, extended its global reach and its capabilities, particularly in developing professional services following the acquisition of Parsons Brinckerhoff in 2009. It is also testament to his leadership that Balfour Beatty has the depth of management talent that has ensured a smooth succession."

(CD/GK)