London, UK,
02
April
2015
|
09:00
Europe/London

Updating the stock market about our plans for 2015

Ian McHoul, Chief Financial Officer

Last week was a busy – and very important – time for the finance function.

On Thursday, we reported our full-year results for 2014.

Samir [Brikho] and I presented the key numbers to about 100 analysts in London, with another 100 or so listening in via the web. You can listen to the recording and download the presentation here.

The key takeaway from 2014 was that our performance was bang in line with what they had been expecting.

We also tell investors what to expect from the current year.

We talked about the current performance of the business, the integration, our new plans for business development and so on.

This time it was especially important to balance our excitement of being a new business and all the new opportunities that brings, together with the growth we are seeing in some markets – with the reality that some markets are more challenging at the moment.

After the formal presentation, Samir and I also talked to journalists and our top shareholders and answered any questions they have about the business.

The key message we wanted to get across was that Amec Foster Wheeler is a very resilient business. It is built to survive tough markets – and thrive when things pick up.

Building a strong relationship with our shareholders is key part of my job – much the same way as our operational teams work together with our customers.

Now that we have set out our plans to the market – we all need to pull together to deliver– and produce another set of results ‘in line with expectations’.

Meet the blogger

Ian McHoulIan qualified as a Chartered Accountant with KPMG in 1984. His early career was spent in the brewing industry. Between 1985 and 1995 he held various positions with the Foster’s Brewing Group, including General Manager, Strategy. He was Finance & Strategy Director of the Inntrepreneur Pub Company Limited from 1995 to 1998 and then served at Scottish & Newcastle plc from 1998 to 2008, first as Finance Director of Scottish Courage and later as Group Finance Director of Scottish & Newcastle plc. Ian holds a BSc in Mathematics from the University of Bristol.

Term of office
Ian was appointed Chief Financial Officer on 8 September 2008 and has no fixed term of office. His service contract is terminable on six and twelve months’ notice by him and the company respectively.

External appointments
Ian has been a non-executive director of Britvic plc since March 2014 and was a non-executive director of Premier Foods plc from July 2004 to April 2013.