Laing O'Rourke Annual Review 2009 Tony Douglas* Chief Operating Officer, Europe, the Middle East and South Asia Age 46. Joined the Group and appointed a director in 2007. As Chief Operating Officer he is accountable for development and execution of strategy, with primary accountability for leading the European and Middle Eastern hubs' operational delivery and performance. Joined from BAA where he worked for nine years. During this time he held a number of senior positions, latterly as Chief Executive Officer for Heathrow Airport. He was previously Managing Director, Heathrow Airport and Managing Director of the Terminal 5 build programme. Matt Furrer* Managing Director, Australia Age 41. Joined the Group and appointed a director in 2004. He was responsible for establishing Laing O'Rourke's Australasian hub, and continues to lead the operations as the Group's presence expands across Australia and Asia. Prior to joining Laing O'Rourke in 2004, he held a number of senior positions with Lend Lease in both Australia and the UK. He joined Lend Lease in 1990, where he was latterly appointed Managing Director of Bovis Lend Lease Australia in 2003. Clive McKenzie General Counsel and Company Secretary Age 55. Joined the Group and appointed a director in 1999. As General Counsel to the Laing O'Rourke Group, he is responsible for ensuring the executive committee is exercising powers within the authority given and acting in accordance with the Company's constitution, best interests, and those of its stakeholders. A corporate and commercial solicitor by background he was previously a director of the Sears Plc Group. Iain Ferguson* Group Finance Director Age 54. Joined Laing O'Rourke as Group Finance Director in May 2006. Prior to that he had worked for the Meridien Hotels Group since 2002, latterly as Chief Executive Officer of Starman Hotels following a group restructure. Previously he had been Chief Financial Officer and Vice President, Finance. He has also held a number of senior finance positions at Thomson Travel Group, British Aerospace and Arlington Securities. Anna Stewart*? Group Commercial Director Age 45. Appointed Group Commercial Director in 2004, she joined the Group from John Laing Limited following the acquisition in 2001. She is responsible for the Group's commercial and work- winning activities, as well as supporting business development and Group strategy. Prior to that, she was Commercial Director for John Laing Limited, where she had been employed in a number of senior management roles since joining in 1982. She has also previously held a non- executive directorship with the RICS Business Services, and was Vice Chairman of the RICS in Scotland. Andrew Wilson*? Executive Chairman, Australia Age 48. Joined the Group and appointed a director in 2002. He is currently responsible for setting corporate direction and leading implementation of the construction and investment strategy within the Australasia region. Prior to that he spent over 20 years in the construction industry, predominantly in Australia and Europe. He has held senior positions for Lend Lease over 17 years. As Managing Director of Lend Lease Projects UK, he led the design and construction of the UK's Bluewater Shopping Centre, the largest retail development in Europe at the time. 10- 11Our leadership team
Our strategic ambition Laing O'Rourke continues to push industry boundaries and evolve, ensuring that we retain our engineering heritage and competitive edge. Strategy Services Further develop and successfully market a broadened client offering that delivers the full complement of engineering, construction and related building services across the value chain. Sectors Target specific sectors and prioritise work-winning to create an optimum portfolio of public and private clients, focusing on the long- term relationships that create sustainable, profit- generating revenues. Skills Leverage the competitive advantage of our world- class engineering capabilities to embed Design for Manufacture and Assembly ( DfMA) to drive greater predictability of outcomes in the construction phases of project delivery. We will continue to develop and grow our capabilities as an engineering- led provider of smart construction solutions. We will deliver a broad range of built asset and infrastructure lifecycle services, partner with prestigious clients and work in targeted sectors across our chosen geographical markets. We will proactively manage our balance sheet to strengthen our cash reserves, and create the liquidity to invest in our continued organic growth and fund future acquisitions. We will earn, invest and grow our business over the long term to achieve this goal. Progress will be judged against a number of criteria and performance indicators. Our project control and delivery needs to be exemplary. Value- adding revenue generation will lead to enhanced quality of earnings and an industry leading, sustainable margin. Finally, top quartile performance will create long- term enterprise value. As we strive to realise our ambition we will not lose sight of the guiding principles that define Laing O'Rourke. They are: - Make safety personal and work responsibly - Lead by example - Work as ' One Team' - Find or follow a better way - Deliver on our promises - Collaborate with clients and partners Successful execution of our strategic priorities will ensure we continue our extraordinary growth and development into an engineering- led construction solutions provider. We will be a well balanced and resilient business that builds enduring relationships with valuable clients, wins new work in selected markets and sectors, and continually improves its capabilities. We invest in, manage and directly deliver projects that create the greatest value for our clients and benefit the communities they serve. We build hotels, residential housing, retail, sport and leisure complexes, industrial buildings, commercial offices, data and research centres, schools, hospitals, airport terminals, roads, railways, ports, mining facilities, power stations, water and waste treatment plants. All are designed to the highest standards and engineered to perform.