45-year veteran CEO Ray O'Rourke would step down by September, replaced by Seamus French, a mining giant top exec who joins the London contractor as managing director in January.
In year-end results released last month, Spanish contractor Ferrovial reported a 10% increase in revenue to $10.6 billion, while net profit rose 79% to $782 million.
Following French media speculation, France’s third-largest contractor Eiffage named Benoît de Ruffray as chairman and CEO on Dec. 9, replacing Pierre Berger, who suffered a fatal heart attack on Oct. 23 at age 47.
French state-controlled utility EDF Energy, Paris, signed a “strategic investment agreement” on Oct. 21 transferring 33.5% of its 100% ownership of the U.K.’s planned nuclear power plant to Beijing-based China General Nuclear Corp.
