Ferrovial Names Retail Guru To Head BAA | newratings.com

Ferrovial Names Retail Guru To Head BAA | newratings.com: "1245 GMT [Dow Jones] The decision of Ferrovial-led (FER.MC) consortium to appoint Stephen Nelson as new CEO of recently acquired BAA (BAA.LN) seems logical given his previous role as the airport company's retail director, says analyst. 'Retail is new to them,' he says, noting Ferrovial has extensive experience of airport construction and general operations. As expected BAA announced that current CEO Mike Clasper is leaving. Ferrovial -0.3% at EUR61.75 in Madrid, BAA flat at 933p ahead of forthcoming delisting. (RJS) "