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G4S recruits new CFO from Petrofac

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SECURITY COMPANY G4S has named Tim Weller as its new chief financial officer, recruiting him from oilfield services business Petrofac, where he held the same role.

Weller, who has been a non-executive director of G4S since 2013, replaces Himanshu Raja as CFO, who steps down on 1 October. Weller will step down from the G4S audit committee with immediate effect.

A chartered accountant by training, Weller was a partner at KPMG before becoming gaining CFO positions at Innogy, RWE Thames Water, United Utilities Group, Cable and Wireless Worldwide and Petrofac.

G4S said further announcements will be made in relation to changes to the membership of board committees in due course.

Commenting on the announcement, Ashley Almanza, G4S’s chief executive officer said: “Tim is a highly accomplished executive with extensive commercial and financial experience in global businesses.

“His experience and skill will be invaluable in leading our global finance team and supporting our broader transformation programme. It is greatly to our advantage that Tim arrives with an already deep understanding of G4S and our well established transformation programme.”

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