The previous BT Group chief Philip Jansen is being lined up as the subsequent chairman of Heathrow Airport as Britain’s greatest aviation hub prepares to ship an growth costing near £50bn.
Sky Information has learnt that Mr Jansen, who chairs the FTSE-100 advertising providers group WPP, is in superior talks with Heathrow’s board and shareholders about taking over the function.
If the discussions attain a profitable conclusion, sources stated an announcement might come inside weeks.
Mr Jansen is claimed to have emerged because the frontrunner from a shortlist of candidates compiled by headhunters at Russell Reynolds Associates.
His expertise because the boss of BT, a regulated utility, is claimed to have been key to his choice as the popular candidate.
Mr Jansen has additionally run corporations together with MyTravel and Worldpay.
The appointment of a successor to Lord Deighton, who has held the put up for 9 years, comes at a vital time for Heathrow.
In August, the airport submitted a revised growth plan consisting of a 3rd runway costing £21bn, £12bn for a brand new terminal and stand capability, and £15bn to modernise the present airport by the growth of Terminal 2.
The present Terminal 3 would in the end be closed.
Learn extra: Full details of Heathrow’s plans for a third runway revealed
Heathrow dealt with a report 83.9 million passengers in 2024 and is adamant {that a} third runway is important to the expansion of Britain’s economic system, given the quantity of exports which go by the positioning.
“It has by no means been extra vital or pressing to develop Heathrow,” the airport’s chief government, Thomas Woldbye, stated in August.
“We’re successfully working at capability to the detriment of commerce and connectivity.
“With a inexperienced mild from authorities and the proper coverage assist underpinned by a match for goal regulatory mannequin, we’re able to mobilise and begin investing this yr in our provide chain throughout the nation.
“We’re uniquely positioned to do that for the nation; it’s time to clear the way in which for take-off.”
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The growth stays opposed by many airways alarmed by the possible enhance in costs to make use of the airport, as effectively
It has, nonetheless, been backed by the federal government, with Rachel Reeves, the chancellor, saying {that a} third runway “would unlock additional development, enhance funding, enhance exports, and make the UK extra open and extra related as a part of our Plan for Change”.
Heathrow’s subsequent chairman will lead a board dominated by representatives of the airport’s principal shareholders.
Mr Woldbye apologised in Could for being asleep through the power outage in March which forced Heathrow’s temporary closure.
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The airport stated it will implement the suggestions of a evaluation carried out by former transport secretary Ruth Kelly.
Heathrow’s seek for a brand new chairman comes months after essentially the most important modifications to its possession construction in years.
Ardian, a French funding group, now owns 32.6% of the corporate following a collection of transactions during the last 12 months.
Saudi Arabia’s Public Funding Fund has additionally grow to be an investor.
Heathrow has by no means formally introduced Lord Deighton’s intention to step down, aside from a disclosure in its annual report during which he wrote:
“In mild of the latest modifications to the HAHL [Heathrow Airport Holdings Limited] board…the nominations committee…has requested me to increase my appointment for a restricted interval to assist guarantee a clean transition while new non-executive shareholder administrators grow to be conversant in the enterprise and a brand new chair is appointed.
“I’ve subsequently agreed to increase my function as chair for a restricted interval to make sure continuity and stability on the HAHL Board throughout this era of transition.”
A Heathrow spokesperson declined to remark, whereas Mr Jansen couldn’t be reached for remark.
