UK infrastructure group Balfour Beatty announced a leadership succession earlier this week that will see current chief executive Ian Tyler depart after eight years at the helm.
Tyler will be replaced from March 31st by current deputy chief executive and chief operating officer (COO) Andrew McNaughton, but will stay on until the end of April to ensure a smooth transition, Balfour Beatty said.
McNaughton joined the company in 1997 and was appointed to the board as COO in 2009. Last July, he was named deputy chief executive, as part of the firm’s succession plan. Tyler leaves Balfour Beatty with a solid track record and glowing praise:
“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 16-year career with the group, including the last eight years as chief executive. During Ian’s tenure, the business has trebled in size [and] extended its global reach and its capabilities,” Steve Marshall, the firm’s chairman, said in a statement.
Tyler acknowledged it “has been a great honour to have been Balfour Beatty’s chief executive” and said he is “looking forward to exploring new opportunities outside Balfour Beatty”.