Balfour Beatty’s new CEO starts work

Company Overview - Balfour Beatty has appointed Philip Hoare as the new group chief executive following the departure of former CEO Leo Quinn [1][2] - Hoare has 30 years of experience in engineering, project management, and construction, previously serving as COO of AtkinsRéalis [2] Industry Context - The construction landscape is characterized by both uncertainty and optimism, with a significant increase in construction planning, which is up 51% year-over-year in the U.S. [4] - This increase in planning suggests stronger construction activity anticipated in 2026 and 2027, although uncertainties related to tariff policies and rising material costs may impact planning numbers [4] Financial Outlook - Quinn expressed confidence in the company's momentum and the potential for significant shareholder returns driven by rising infrastructure spending [5][6] - Hoare emphasized the financial and operational strengths of the group, indicating a strong position for future growth in core markets [3]