Leighton restructures international operations
Leighton Holdings Ltd (ASX: LEI) has made a number of organisational changes aimed at simplifying the reporting structure for the Group’s intentional operations.
Chief Executive, Mr David Stewart, said that these arrangements streamline the reporting structure of the overseas operations into two divisions under capable and experienced executives.
Businesses in Asia (Leighton Asia), in India (Leighton Welspun India), and Offshore (Leighton Offshore) will now all report to Hamish Tyrwhitt, who is appointed Managing Director Leighton Asia, India and Offshore. Hamish will also continue to fulfil the role of Managing Director Leighton Asia Limited.
“We do not envisage that there will be extensive integration between the three businesses. Leighton Welspun India is jointly owned with Welspun and will therefore continue to operate as a stand-alone basis,” said Mr Stewart.
Leighton Offshore will also operate on a stand-alone basis given the very clearly defined market in which it operates. Leighton’s offshore oil and gas business is focused on the nearshore and shallow water segments and is recognised as an industry leader in single point mooring system installations.
Businesses in Africa (Leighton Africa) and in the Middle East and North Africa (Habtoor Leighton Group) will report in to Laurie Voyer, who is appointed Managing Director Middle East and Africa. Laurie will also continue to fulfil the role of CEO & Managing Director of HLG.