Balfour Beatty PLC on Tuesday said Phil Harrison will step down as Chief Financial Officer after more than 10 years in the role.
The London-based international infrastructure construction firm said Harrison will be succeeded by Myles Westcott, currently group financial controller at BAE Systems PLC.
At BAE, Westcott leads the group’s financial reporting, planning, governance, and risk functions.
Harrison, who joined Balfour Beatty in 2015, will remain as a director of the company and will continue to fulfil his current role until Westcott joins, supporting the business through its 2025 full year results in March.
Following Westcott’s appointment to the board, Harrison will continue in an advisory capacity for four months to ensure a smooth transition.
Westcott will join Balfour Beatty later this year, subject to finalising his departure date from BAE Systems.
Shares in Balfour Beatty were down 0.3% at 766.95 pence each in London on Tuesday.
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