Business roundup

New boss of Vinci Construction Bruno Dupety who took over last week from chief executive John Stannion has put in place a new senior team. Managing director Andrew Ridley-Barker and commercial director Paul Tuplin have left and will not be replaced. Regional director Chris Hamer has been promoted to be managing director of the building business and as previously reported Julian Gatward has moved from Roger Bullivant to take over from Taylor Woodrow MD Graham Stanley when he retires at the end of the year.

Carillion is the first company to benefit from the new Direct Lending Facility, which is being provided by the £3bn UK Export Finance (UKEF) to boost UK exports. UKEF has helped the contractor secure a £75M deal to deliver phase one of the Dubai World Trade Centre District.


Bechtel is combining its civil and most of its power business units to create the Bechtel Infrastructure global business unit (GBU). Toby Seay, president of Bechtel’s power business, will become president of the Infrastructure GBU, which will be headquartered in London. Peter Dawson, president of the company’s civil business, will become Bechtel’s head of corporate services and chief financial officer, a position he held previously. Dawson succeeds Mike Adams, who will lead new strategic projects. Bechtel has also created a new unit, Nuclear, Security & Environmental (NS&E), which combines the company’s government and commercial nuclear businesses.


Tata Steel is planning to sell its Long Products division, which employs 6,500 people in the UK and Europe to Klesch Group. Indian-based Tata said it had signed an agreement with Klesch Group, a company with headquarters in Geneva, which it hoped would lead to a sale. The Long Products division manufactures transport rails and steel sections for use in construction, heavy industry and excavation, and accounts for about a third of Tata Steel's UK employees. The sale, if it goes ahead, will reduce the number of Tata Steel's UK employees from 17,500 to 11,500.