Exclusive: Executive director Rob Walker leaves Balfour Beatty鈥檚 UK construction business in the wake of the firm鈥檚 拢50m profit warning
Another senior figure has departed Balfour Beatty鈥檚 UK construction business following the firm鈥檚 拢50 profit warning, 好色先生TV can reveal.
Balfour Beatty confirmed that Rob Walker, executive director of the firm鈥檚 UK regional construction business, would be leaving the business.
Walker鈥檚 departure follows that of his direct boss, Steve Waite, the managing director of the regional business, who lost his job in the wake of the firm鈥檚 拢50m profit warning last month.
A Balfour Beatty spokeswoman said Walker, who was Waite鈥檚 right-hand man, 鈥渉ad made the decision to pursue opportunities outside of the Balfour Beatty Group鈥.
The spokeswoman said there had been no further departures following the profit warning and review of the business.
Waite, who departed with immediate effect, was replaced by Mike Peasland 鈥 formerly chief executive of the business - after Balfour Beatty Group chief executive Andrew McNaughton seized the reins of the firm.
The news emerged as Balfour Beatty鈥檚 UK construction reported a 23% fall in revenue in the first four months of 2013.
In an update to the City the firm said the poor performance in the UK had been responsible for a 11% drop in the group鈥檚 construction revenues, when compared with the same period of 2012.
It said the UK market continued 鈥渢o be adversely impacted by the shortage of major public projects and fierce competition in the regional markets鈥.
Balfour Beatty said the UK construction business was expected to break even in 2013.
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