G4S announced the appointment of three new directors yesterday as the security group looks to move on following its Olympics Games contract fiasco.
ITV chief executive Adam Crozier and Paul Spence, who has served on Capgemini’s management committee, will join the G4S board next month, while Tim Weller, chief financial officer of Petrofac, will start in April.
The non-executive appointments replace Bo Lerenius and Paul Condon, who will retire from the company’s board next June following nine years’ service.
In September, the findings of a review into G4S’s Olympics Games contract included a recommendation that its board is strengthened with the appointment of at least two new non-executive directors.
The report by PwC found that monitoring and tracking of the security workforce was inadequate and that management failed to appreciate the scale and exact nature of the project.