Current boss of defence firm QinetiQ sits in on board level budget meetings, meets with divisional bosses and visits sites
Leo Quinn, incoming Balfour Beatty chief executive, is 鈥渁lready having an influence鈥� on the firm, after sitting in on a series of top meetings, 黑洞社区 has learned.
The current boss of defence firm QinetiQ has been sitting in on board level budget meetings, holding meetings with divisional bosses and visiting sites.
One source inside the firm said he had made 鈥渜uite a few guest appearances鈥� and had begun to influence directors of the business.
Quinn is not due to take up the post of chief executive until 1 January 2015.
黑洞社区 understands Quinn鈥檚 presence has been 鈥渨ell received鈥� by staff at the troubled contractor, which has suffered a succession of profit warnings and is being subjected to a thorough review by accountant KPMG, at the management鈥檚 request.
Balfour Beatty announced on Monday non-executive directors Bill Thomas and Belinda Richards had resigned from the board with immediate effect.
Balfour is now seeking a new chair, finance director and two non-executive directors.
Kevin Cammack, analyst at Cenkos, said the 鈥渢he revolving door at Balfour Beatty is spinning faster than head-hunters can keep count of鈥�.
He said: 鈥淭he good news is incoming chief executive, Leo Quinn, will certainly have his own 鈥榯eam鈥� around him to embark on the challenge of restoring former glories.鈥�
2 Readers' comments