Kier Group PLC Board Change (6991N)
22 January 2019 - 6:00PM
UK Regulatory
TIDMKIE
RNS Number : 6991N
Kier Group PLC
22 January 2019
22 January 2019
KIER GROUP PLC - BOARD CHANGE
Kier Group plc ("Kier" or "the Company") announces that its
Chief Executive, Haydn Mursell, will stand down from the board of
directors ("the Board") and leave the business with immediate
effect.
The Board has asked the Chairman, Philip Cox, to act as
Executive Chairman, working closely with the Finance Director (Bev
Dew) and the Chief Operating Officer (Claudio Veritiero), to
oversee the Group's operations during the transition period until a
new Chief Executive has been appointed. The executive search for an
external successor to Mr. Mursell commences immediately.
Philip Cox said:
"The Board believes that, following the completion of the recent
rights issue, now is the right time for a new leader to take Kier
forward to the next stage of its development. The Board would like
to thank Haydn for his contribution during eight years on the
Board, firstly as Finance Director and then as Chief Executive. On
behalf of the Board, I would like to wish him every success in the
future."
The Company is issuing a trading update today and will announce
its results for the six months ended 31 December 2018 on 21 March
2019. The Board is confident that the Group will meet its
expectations for the financial year ending 30 June 2019, with the
full-year results being weighted towards the second half of the
financial year, as usual.
This announcement contains inside information. The person
responsible for making this announcement on behalf of the Company
is Hugh Raven (General Counsel and Company Secretary).
This announcement is made in accordance with Listing Rule
9.6.11R.
- ENDS -
For further information, please contact:
Louise Turner-Smith, Head of
Investor Relations +44 (0) 7976 790 012
Nick Hasell, FTI Consulting +44 (0) 203 727 1340
Kier press office +44 (0) 1767 355 903
Cautionary statement
This announcement does not constitute an offer of securities by
Kier Group plc (the "Company"). Nothing in this announcement is
intended to be, or intended to be construed as, a profit forecast
or a guide as to the performance, financial or otherwise, of the
Company or any of its subsidiaries whether in the current or any
future financial year.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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