Balfour Beatty plc, the international infrastructure group, announces that Phil Harrison will step down from the Board later this year following more than 10 years as Chief Financial Officer.

Following an extensive search process and as part of the Board’s long-term succession planning, Myles Westcott, currently Group Financial Controller at BAE Systems plc, has been appointed to succeed him. Subject to finalising his departure date from BAE Systems plc, Myles will join the Group later this year as Chief Financial Officer.

Myles, a chartered accountant, brings more than 30 years of finance leadership experience, including almost 25 years at BAE Systems plc, a c.£30 billion multinational defence and security corporation. As Group Financial Controller, Myles leads the Group’s financial reporting, planning, governance, and risk functions. Prior to that, he held a number of Finance Director roles across major business units, overseeing large scale operations, major international programmes and complex long-term contracts. Throughout his career, Myles has built a strong record in financial stewardship, operational performance, and value creation.

Philip Hoare, Balfour Beatty Group Chief Executive said, “I look forward to welcoming Myles to Balfour Beatty. He brings deep financial expertise and a strong track record of operating at scale within complex, international organisations, which will be critical as we continue to drive disciplined profitable growth. I would like to thank Phil for the significant contribution he has made over more than a decade. His leadership has been instrumental in building Balfour Beatty’s financial strength and resilience, creating substantial value for shareholders, and positioning the Group so well for the future.”

Myles Westcott, incoming Chief Financial Officer said, “I am delighted to be joining Balfour Beatty at such an important time for the Group. I look forward to working alongside Philip Hoare and the Board to support the Company’s profitable growth, ensuring strong financial performance, and continuing to create sustainable value for shareholders.”