G4S secures new chairman

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The Independent Online

The bean-counter John Connolly has been drafted as chairman of G4S, the security firm that will protect visitors to this summer's Olympics.

The former Deloitte boss is replacing Alf Duch-Pedersen, a casualty of the group's failed £5bn takeover of the Danish cleaning firm ISS. G4S, whose workers transport cash, run prisons, clean, and supply catering, scrapped the deal after shareholders railed against the £2bn rights issue required to fund it. Mr Duch-Pedersen has been chairman for six years and will stand down after the annual shareholders' meeting in June. Mr Connolly retired last year as global chairman of Deloitte.