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Arabtec appoints Peter Pollard as Group CFO

Arabtec Holding has appointed Peter Pollard as the Group Chief Financial Officer (GCFO) to help put the company back on a sound financial footing.

Assuming the role with immediate effect, Pollard will play a major part in enabling the contractor to “realise its vision of ‘building the future’ while helping to set the company on a path to sustainable and profitable growth,” Arabtec said in a statement.

Pollard is a seasoned financial executive with contracting experience, with many years of executive and CFO experience in supporting large, complex businesses with international operations, a statement said.

His career has spanned South East Asia, Australia, China, India and the Middle East and he joins Arabtec from Serco Group where he served as Managing Director of the Hong Kong business.

Prior to joining Serco Group, Mr. Pollard held various posts as Chief Financial Officer in the construction and property sectors in the UAE, Asia and Australia.

Notably as Chief Financial Officer for Leighton Contractors Pty Limited (now trading as CPB Contractors Pty Limited), he played a major role in the company’s successful five-year turnaround plan to stabilise, diversify and grow the business.

Hamish Tyrwhitt, Arabtec Holding’s Group CEO, said: “Arabtec is delighted to welcome Peter to the team. Peter has a proven track record in our industry, and has previously guided companies through challenging periods with his financial acumen and management skills.

“He will be instrumental in implementing Arabtec’s strategy, overseeing the Recapitalisation Programme and the Strategic Roadmap laid out in recent months as we make strides towards building a successful and sustainable future for the Group and its shareholders.”

Ravi Murthy, who has been the Acting GCFO for Arabtec Holding during the interim period, will resume his role as the CFO of Arabtec Construction, a position he has held since 2015.

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