business

New finance chief at Carillion

Zafar Khan will replace Richard Adam when he retires later this year

Support services firm Carillion has appointed Zafar Khan as its new group finance director.

He will succeed Richard Adam who has decided to retire as he approaches his 60th birthday.

Mr Khan has been group financial controller at Wolverhampton-based Carillion since 2013, having previously been finance director of the listed group's Al Futtaim Carillion joint venture in the UAE, after joining the group in 2011.

Previously, he was chief financial officer at Associated British Ports Holdings and will take up the appointment upon Mr Adam's retirement from the board and Carillion in December.

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Carillion led the development of the new Library of Birmingham which opened in 2013 and is spearheading the first phase of the £500 million Paradise project in Chamberlain Square.

Chairman Philip Green said: "Zafar has already made a significant contribution to the success of the Group and his appointment continues our excellent track record of developing our own people and allows for a seamless transition following Richard's retirement.

"We look forward to working with Zafar and to him continuing to play a leading role in Carillion's development and success.

"On behalf of the board, I should like to thank Richard for his outstanding financial leadership and the contribution he has made to the group since 2007."

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