Finance
UK's Balfour Beatty names Philip Hoare as CEO
Published by Global Banking & Finance Review®
Posted on March 5, 2025
1 min readLast updated: January 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 5, 2025
1 min readLast updated: January 25, 2026
Balfour Beatty names Philip Hoare as CEO, replacing Leo Quinn. Shares fell 5.8% post-announcement. Hoare joins from AtkinsRéalis.
(Reuters) - British construction and infrastructure group Balfour Beatty on Wednesday named Philip Hoare as its next CEO, replacing Leo Quinn who will leave the firm after more than 10 years.
Shares of the London-headquartered company fell as much as 5.8% to 429.2 pence, hitting its lowest since January 15.
Hoare joins Balfour Beatty from Canadian engineering services group AtkinsRéalis, where he was chief operating officer for a year after leading the UK and global engineering businesses.
Quinn, who will stay in the role until September, has been crucial to strengthening the group's financial position, with Balfour's stock soaring 190% since he took over as CEO in October 2014.
(Reporting by Anandita Mehrotra in Bengaluru; Editing by Sonia Cheema)
Philip Hoare has been named as the next CEO of Balfour Beatty, replacing Leo Quinn.
Shares of Balfour Beatty fell as much as 5.8% to 429.2 pence, marking their lowest point since January 15.
Leo Quinn has been crucial in strengthening Balfour Beatty's financial position, with the company's stock soaring 190% since he took over as CEO in October 2014.
Before his appointment at Balfour Beatty, Philip Hoare was the chief operating officer at Canadian engineering services group AtkinsRéalis.
Leo Quinn will remain in his role until September before officially leaving the firm.
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