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UK's Balfour Beatty names Philip Hoare as CEO

Published by Global Banking & Finance Review

Posted on March 5, 2025

1 min read

· Last updated: January 25, 2026

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(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

Balfour Beatty Appoints Philip Hoare as New CEO Following Quinn's Departure

(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)

Key Takeaways

  • Philip Hoare appointed as Balfour Beatty's new CEO.
  • Leo Quinn to leave after over 10 years as CEO.
  • Balfour Beatty shares dropped by 5.8% after the announcement.
  • Hoare previously worked at AtkinsRéalis as COO.
  • Quinn significantly improved Balfour Beatty's financial position.

Frequently Asked Questions

Who has been appointed as the new CEO of Balfour Beatty?
Philip Hoare has been named as the next CEO of Balfour Beatty, replacing Leo Quinn.
What was the stock market reaction to the CEO announcement?
Shares of Balfour Beatty fell as much as 5.8% to 429.2 pence, marking their lowest point since January 15.
What was Leo Quinn's contribution to Balfour Beatty?
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.
What role did Philip Hoare hold before joining Balfour Beatty?
Before his appointment at Balfour Beatty, Philip Hoare was the chief operating officer at Canadian engineering services group AtkinsRéalis.
When will Leo Quinn leave his position at Balfour Beatty?
Leo Quinn will remain in his role until September before officially leaving the firm.

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