Former chief executive of Balfour Beatty’s UK construction arm Nick Pollard will join the board of Interserve as a non-executive director, the contractor has announced.
Mr Pollard is currently the group CEO of energy-from-waste firm Cory Riverside Energy, which he joined in 2015 following a two-year stint as Balfour’s UK construction head.
Mr Pollard began his tenure at Balfour Beatty in 2012 shortly after the contractor issued a shock profit warning.
During his time at the firm he worked alongside Leo Quinn as he established its Build to Last turnaround plan.
However, his role was downsized in a management shake-up in 2015 following an independent review of the business by KPMG.
Mr Pollard also joined Cory while it was in the midst of financial difficulties, with the business posting a £46.9m loss the year before his arrival.
Having agreed several debt re-financing deals with lenders, the company was sold last month to a consortium of infrastructure investors.
According to his LinkedIn profile, Mr Pollard also founded and runs his own business Xanadu Associates: a consultancy targeting company and project turnarounds.
Mr Pollard has previously held positions at Railtrack, Network Rail, Skanska, Bovis Lend Lease and Navigant.
He is a member of the CBI Infrastructure Board, adviser to the Water Industry Commission for Scotland, and a board member of the Environmental Services Association.
Interserve chairman Glyn Barker said: “He brings a wealth of relevant experience which will be of great value to the Interserve board.”
Earlier this month Interserve CEO Debbie White revealed the government had given Interserve a red rating as a strategic supplier, meaning it had “significant material concerns” about the company.
The contractor also confirmed that its construction business’ strategic projects managing director Jeremy James had left the business.