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G4S names Petrofac's Tim Weller as CFO

Reuters - UK Focus

LONDON, Aug 15 (Reuters) - G4S (Copenhagen: G4S.CO - news) , the world's largest security group, named Tim Weller as its new chief financial officer on Monday, poaching him from oilfield services company Petrofac (Amsterdam: PF6.AS - news) where he held the same role.

Weller, who has been on the board of G4S since 2013, will replace Himanshu Raja who is due to step down on Oct (Shenzhen: 000069.SZ - news) . 1, the British company said in a statement.

"(Weller's) experience and skill will be invaluable in leading our global finance team and supporting our broader transformation programme," G4S CEO Ashley Almanza said.

G4S, a provider of manned security in prisons and cash transportation programmes, is in the middle of an overhaul after a string of high-profile contract problems in Britain.

(Reporting by Sarah Young; editing by Jason Neely)