UK's private security firm G4S plc (GFS.L, GFSZY.PK) said that Ashley Almanza, former Chief Financial Officer or CFO of BG Group, would join the board as an executive director and would succeed Trevor Dighton as CFO, effective May 1, 2013. Almanza would also serve as the Risk Committee member.
Dighton, who signalled his intention to retire as CFO and from the board at the age of 65, would continue to work for the group to conclude a number of strategic projects and to ensure a smooth handover to Almanza.
Separately, G4S announced its preliminary results for the year 2012. Full-year pre-tax profit dipped to 175 million pounds, from 257 million pounds, with profit after tax falling to 133 million pounds, from last year's 204 million pounds.
On a per share basis, earnings attributable to equity shareholders of the parent were 3.4 pence in 2012, sharply down from 12.9 pence in 2011. Excluding the Olympic Games contract, 2012 adjusted earnings totaled 21.2 pence per share.
However, annual turnover at constant exchange rates, excluding Olympic Games contract, went up 5.5% to 7.3 billion pounds or by 8.1% at constant exchange rates, with an organic turnover growth of 6.9%. Total turnover stood at 7.5 billion pounds this year.
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