Balaji Prasad and Roberto Liuzza join as part of an overhaul of the organisation’s governance and operations
Binladin International Holding Group (BIHG) has appointed of Balaji Prasad as the group’s new chief financial officer, and Roberto Liuzza as the chief organisation excellence officer, as part of an overhaul of the organisation’s governance and operations, it has been announced.
The parent company of Saudi Binladin Group, the largest construction conglomerate in the Kingdom, BIHG said the appointments of Prasad and Liuzza are amongst several recent appointments at senior level, a statement from the company said.
Some of the other appointments made over the last year are: Ahmed Al Sanie as group managing director; Abdulrahman Bajunaid as CEO of Real Estate; and Samer Khawashki as CEO of Investments.
An industry veteran with more than 24 years of experience in the region behind him, Prasad comes with a focus on debt restructuring, corporate turnaround, business transformation and complex fund raising, across diverse industries such as contracting, real estate, manufacturing, trading and oil and gas.
Some of his past appointments include stints as CFO of the Abu Dhabi-listed developer Manazel, as well as leadership positions in blue-chip companies such as Tyco Reliance Industries, Pentair, Sobha Group, KEF Holdings and Suhail Bahwan Group, as well as IndianOil.
Liuzza has 27 years of experience across Europe, the Middle East, and the Far East in complex transformation and turnarounds across various industries, with an emphasis on performance improvement, strategic planning and change management.
His past appointments include being Senior Director of Corporate Strategic Planning at BHC, as well as senior positions in primary management consulting firms (namely Booz & Company, Booz Allen Hamilton and Accenture), serving blue-chip MNEs, government institutions, industry regulators, and private equity funds.
Established in 2019, BIHG oversees and manages the affairs of numerous subsidiaries across its portfolio, including SBG, one of the world’s largest contractors, the statement concluded.