Skanska poaches Network Rail’s CFO for CFO job

Skanska UK has appointed Network Rail’s Chief Financial Officer, Meliha Duymaz, as Chief Financial Officer (CFO).

In addition to assuming the role of chief financial officer, Duymaz was also named executive vice president.

Meliha joins Skanska UK from Network Rail, where she is currently Chief Financial Officer for the Eastern region spanning London to Scotland, the company’s largest regional business with 10,000 employees.

Previously, she was Managing Director of Anglia Route, leading cross-functional teams responsible for infrastructure management and service delivery for some of the busiest rail links to London.

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

Skanska UK Chairman and CEO, Gregor Craig, said: “I am delighted to have Meliha join us, bringing with her extensive experience across various industries. We look forward to welcoming him to Skanska.

Meliha replaces current CFO Kelly Gangotra, who is leaving the company to pursue a significant new opportunity outside of the industry.

Gangotra joined Skanska in 2012, as Chief Financial Officer, after working in the medical sector and for waste management company Biffa. She was appointed chief financial officer in January 2016 – a difficult time for Skanska as the UK firm was forced to issue an impairment.

In its latest quarterly update, published on May 4 and covering the first three months of this year, Skanska’s Swedish parent company announced a loss of SEK 18 million (£1.5 million) for its operations of European construction outside the Nordics, after reporting a profit of SEK 48m (£3.9m) for the first three months of 2021. But the group did not release results for the UK .

The company’s first-quarter 2022 revenue for Europe excluding the Nordics was SEK 5.24 billion (£422 million), compared to SEK 4.94 billion (£398 million) in the same quarter a year earlier.

Alice F. Ponder