Balfour Beatty lines up new chairman

STEVE Marshall is to retire as chairman of Balfour Beatty next month, the construction group told investors yesterday.

He will be succeeded on 26 March by Philip Aiken, who currently chairs engineering software firm Aveva and is due to step down as a non-executive of National Grid in two weeks’ time after six years on the board.

Balfour chief executive Leo Quinn said: “Philip has many years of highly relevant international board-level experience at the top of industry and we look forward to his valuable contribution.”