Phil Harrison will step down from the chief financial officer role at Balfour Beatty, to be succeeded by Myles Westcott of BAE Systems
Phil Harrison leaves Balfour Beatty after serving as chief financial officer for over a decade.
Subject to finalising his departure date from BAE Systems plc, Myles will join the Group later this year.
Myles has spent almost 25 years at BAE Systems plc
As Group financial controller, Myles leads the Group’s financial reporting, planning, governance, and risk functions. Prior to that, he held a number of finance director roles across major business units, overseeing large scale operations, major international programmes and complex long-term contracts.
Myles was also previously a non-executive director of Air Astana Joint Stock Company, where he was a representative for BAE Systems’ shareholding, a role he stepped down from in May 2024.
Philip Hoare, Balfour Beatty Group chief executive said:
“I look forward to welcoming Myles to Balfour Beatty. He brings deep financial expertise and a strong track record of operating at scale within complex, international organisations, which will be critical as we continue to drive disciplined profitable growth. I would like to thank Phil for the significant contribution he has made over more than a decade. His leadership has been instrumental in building Balfour Beatty’s financial strength and resilience, creating substantial value for shareholders, and positioning the Group so well for the future.”
Charles Allen, Lord Allen of Kensington, CBE, Balfour Beatty Group chair, said:
“Myles’ proven financial and commercial leadership will be a strong addition to the Executive team, and I look forward to welcoming him to the Board. On behalf of the Board, I would like to thank Phil for his exceptional leadership and significant contribution over the past 10 years. During this time, he has been instrumental in driving financial discipline and rigour and in the broad cultural and operational transformation that has underpinned the Group’s success and profitable growth.”
Myles Westcott, incoming chief financial officer said:
“I am delighted to be joining Balfour Beatty at such an important time for the Group. I look forward to working alongside Philip Hoare and the Board to support the Company’s profitable growth, ensuring strong financial performance, and continuing to create sustainable value for shareholders.”
Phil will remain a director of the Company and will continue to fulfil his current role until Myles joins, supporting the business through its 2025 full year results in March 2026. Following Myles’ appointment to the Board, Phil will continue in an advisory capacity for four months to ensure a smooth transition.
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