Carillion appoints non-exec director

Support services firm Carillion has appointed a non-executive director.

Justin Read, former group finance director of Segro, has been appointed as non-executive director and chairman designate of the firm's audit committee, a position he will assume following the preliminary announcement of the firm’s 2017 results.

Andrew Dougal, currently chairman of the audit committee, will retire from the board.

Carillion chairman Philip Green said: “[Read] has substantial operational experience across the finance function of significant and international businesses, having served as a group finance director for over eight years, and a proven track record of driving business growth.”

Carillion has recently warned that it might breach its financial covenants by the end of the year, with potential delays affecting P3 disposals.