18 July 2018
Keller Group plc (“Keller” or “the Group”):
Board and Executive Committee changes
Keller today announces that James
Hind, currently Keller’s Group Finance Director, will
succeed John Rubright as Divisional
President, North America, with
effect from 20 August 2018. James
will be succeeded by Michael
Speakman.
Keller North
America
Keller North America is the
Group’s largest and most profitable division, accounting for nearly
half of group revenues, and is the clear market leader in the
region. To drive continued growth, enhance organisational
capability and accelerate collaboration, we are announcing the
following leadership changes:
James Hind, currently Keller’s
Group Finance Director, will succeed John
Rubright as Divisional President, North America, with effect from 20 August 2018. James will remain a member of
Keller’s Board and Executive Committee and will relocate to
North America.
Eric Drooff, currently President
of Hayward Baker, Keller’s largest North American business unit,
will in addition assume the new role of Chief Operating Officer,
North America, reporting to James.
Eric will also become a member of Keller’s Executive Committee.
Chief Financial Officer
Michael Speakman will be
appointed Chief Financial Officer with effect from 20 August 2018 and become a member of Keller’s
Board and Executive Committee.
Michael is a highly experienced listed company Chief Financial
Officer who brings significant global finance knowledge obtained in
blue-chip engineering groups. Michael was most recently Chief
Financial Officer of Cape plc, a leading international provider of
industrial services, employing some 20,000 people. Prior to that,
he was Chief Financial Officer of Expro Plc, a leading oilfield
services company operating across 50 countries, having had
progressively senior finance positions with Smiths Group Plc and TI
Group Plc. He holds a BSc in Manufacturing Engineering and
Management and is a Fellow of the Chartered Institute of Management
Accountants.
As previously announced, Keller will release its interim results
for the six months ended 30 June 2018
on 30 July 2018.
Alain Michaelis, Chief
Executive Officer, says:
“Throughout his 15 years as Group Finance Director,
James has been closely involved in our North American business
success and I am confident he and Eric will form an excellent team
that will further strengthen our position in this key market.
I thank John for his leadership of
the division in the last five years, growing our product
capabilities through the acquisitions of Bencor and Moretrench, and
further developing our existing businesses.
Michael brings a wealth of global
experience gained at listed global engineering companies and a
great set of complementary skills and capability that will serve
the company well in the years ahead.”
Regulatory information
The financial arrangements relating to James’ new role and
Michael’s appointment, which will adhere to the rules of all
relevant incentive schemes and be within the Remuneration Policy,
will be reported in the Directors’ Remuneration Report for
2018.
There is no additional information required to be disclosed
pursuant to paragraph LR9.6.13R of the Listing Rules of the
Financial Conduct Authority.
For further information, please
contact:
Keller Group
plc
Alain Michaelis, Chief
Executive
020 7616 7575
Victoria Huxster, Head of
Investor Relations
Finsbury
Gordon
Simpson
020 7251 3801
Notes to editors:
Keller is the world’s largest geotechnical contractor, providing
technically advanced geotechnical solutions to the construction
industry. With annual revenue of more than £2.0bn, Keller has
approximately 11,000 staff world-wide. Keller is the clear
market leader in the US, Canada,
Australia and South Africa; it has prime positions in most
established European markets and a strong profile in many
developing markets.
For more information, please go to:
http://www.keller.com/investors.aspx and
http://www.keller.com.
LEI:
549300QO4MBL43UHSN10
Classification: Inside Information (DTR Annex 1)
This announcement includes inside
information as defined in Article 7 of the Market Abuse Regulation
No. 596/2014 and is disclosed in accordance with the Company's
obligations under Article 17 of those Regulations. On the
publication of this announcement via a Regulatory Information
Service ("RIS"), this information is considered to be in the public
domain.
The person responsible for making
this announcement is Kerry Porritt,
Group Company Secretary