John Laing appoints chairman designate

Developer John Laing has appointed a non-executive chairman designate.

Will Samuel’s appointment to the board of directors comes with immediate effect. Samuel will replace Phil Nolan as non-executive chairman when he steps down following the firm’s annual general meeting on May 10, 2018. 

Nolan said: "I am delighted that Will is joining the board to be its next chairman. After eight years as chairman, I will depart knowing that the board and the company are in very good hands." 

Having been a director at the Ecclesiastical Insurance Group, The Edinburgh Investment Trust, Howden Joinery Group and Inchcape in the last five years, Samuel is currently a chairman at Tilney Group and TSB Bank. 

Samuel said: "John Laing has a proven track record in identifying strong investment opportunities in the infrastructure and renewable energy sectors. Demand for both is increasing around the world and the company is well placed to take advantage of this. I look forward to working with the management team and board to realize further these opportunities." 

John Laing has recently pointed to a strong pipeline of PPP opportunities as markets in North America and Australia continue to expand.

A consortium led by Cubic and John Laing has been selected as preferred bidder for the $400m Automated Fare Collection P3 by the Massachusetts Bay Transportation Authority.