Skanska poaches Network Rail finance director for CFO role

Skanska UK has appointed Network Rail’s finance director, Meliha Duymaz, as its new chief financial officer (CFO).

As well as taking on the CFO role, Duymaz has also been appointed as executive vice-president.

Meliha joins Skanska UK from Network Rail, where she is currently finance director for the eastern region, running from London to Scotland, the firm’s largest regional business with 10,000 employees.

Previously, she was managing director for the Anglia Route, leading multifunctional teams responsible for infrastructure management and service delivery for some of the most intensely operated rail routes into London.

Before joining Network Rail in 2012, Meliha worked for organisations such as Serco and Huntsworth.

Skanska UK president and chief executive officer Gregor Craig said: “I am delighted that Meliha will be joining us, bringing with her broad experience across a variety of sectors. We look forward to welcoming her to Skanska.”

Meliha replaces current CFO Kelly Gangotra, who is leaving the business to take on a significant new opportunity outside the sector.

Gangotra joined Skanska in 2012, as finance director of operations, having previously worked in the medical sector and for waste-management firm Biffa. She was appointed CFO in January 2016 – a difficult time for Skanska, with the UK business forced to issue a writedown.

In its most recent quarterly update, issued on 4 May and covering the first three months of this year, Skanska’s Swedish parent company reported a loss of SEK18m (£1.5m) for its European construction operations outside of the Nordics, after reporting a profit of SEK48m (£3.9m) for the first three months of 2021. But the group did not break out results for the UK.

The company’s Q1 2022 revenue for Europe, excluding the Nordics, was SEK5.24bn (£422m), up from SEK4.94bn (£398m) in the same quarter a year earlier.

Leave a comment