Building giant Leighton Holdings has announced the appointment of four new Managing Directors to manage the Construction, Engineering, Mining and PPP business units which are set to form the pillars of the group’s structure going forward.
In a statement on Friday, the company announced current Executive General Manager of Leighton Contractor’s Infrastructure Division David Jurd would lead the group’s Construction unit whilst Theiss Managing Director Bruce Munro will lead Mining, Leighton Holdings Chief Development Officer Angel Muriel will lead PPPs and Engineering will be led by current Managing Leighton Contractors Director Craig Laslett.
Ian Edwards will continue to lead Leighton Asia, India and Offshore whilst Glenn Palin will continue to lead John Holland; and Mark Gray will continue to lead Leighton Properties.
The appointments follow Thursday’s announcement by Executive Chairman and Chief Executive Officer Marcelino Fernández Verdes that the Group’s operating model would be streamlined into the four aforementioned business units and that the group was considering hiving off its Services, Property and John Holland businesses.
That announcement followed a strategic review initiated by the company, which in recent years has been hit by large write-downs on major projects as well as trouble with collection of money owing in its Middle Eastern Joint Venture and media reports of a company culture whereby accountability was lacking.
The new structure also follows moves by parent company Hochtief to assume greater control over Leighton and reflects efforts to simplify the business.
Fernández welcomed the latest appointments.
“I am pleased to announce these new appointments and I have great confidence in the leadership, insight and expertise each member of the team will bring to his role,” he said.
Leighton also announced the branding of the construction and mining businesses under the new structure, with the former to be branded Leighton Contractors and the latter to be branded Thiess.
Fernández said the names held strong value and retaining them would enable the group to build on the positioning of each of the businesses in the market.