Laing O'Rourke has revealed Sir John Parker is to become the company's new Chairman later this year.

Sir John will take up the position after stepping down as Chairman of multinational mining company, Anglo American.

Laing O'Rourke's Chief Executive Officer, Ray O'Rourke, said: "Sir John has built up an enviable reputation across a range of industrial sectors as a leader in the boardroom, including Chairman at five FTSE100 companies.

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"As former President of the Royal Academy of Engineering and a visiting Fellow at Oxford University, he takes a keen interest in the development of engineering technology and talent, a core value of our global business.

"I am excited to work closely with Sir John to make Laing O'Rourke the recognised leader for innovation and excellence in the construction industry."

Speaking on his new role, Sir John said: "I am honoured to join such a progressive organisation, with compelling future plans.

"A culture of engineering excellence is deeply embedded at Laing O'Rourke. I have a deep respect for the organisation that Ray and Des O'Rourke built from scratch over the past 40 years."

(LM/MH)