Balfour Beatty, the international infrastructure group, announces that the Board has completed a competitive tender process for the appointment of external auditors, as announced in the 2014 Annual Report & Accounts.
KPMG will be appointed as external auditor for the year ending 31 December 2016, replacing Deloitte who have been the Company’s auditor since 2002. Deloitte will audit the Group’s accounts for the year ending 31 December 2015.
Shareholder approval to confirm the appointment of KPMG will be sought at the AGM on 19 May 2016.
Graham Roberts, Chairman of the Audit, Risk & Assurance Committee , said: “We thank Deloitte for their significant contribution as Balfour Beatty’s auditor over the last 14 years and we look forward to working with KPMG in the future."
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Notes to editors:
Balfour Beatty is a leading international infrastructure group. With 36,000 employees, we provide innovative and efficient infrastructure that underpins our daily lives, supports communities and enables economic growth.
We finance, develop, build and maintain complex infrastructure such as transportation, power and utility systems, social and commercial buildings. Our main geographies are the UK, US, Middle East and South East Asia. Over the last 100 years we have created iconic buildings and infrastructure all over the world including the London Olympics’ Aquatic Centre, Hong Kong’s first Zero Carbon building, the world’s biggest shopping mall in Dubai, the National Museum of the Marine Corps in the US and the Channel Tunnel Rail Link.