Proactive Investors - Run By Investors For Investors

Kier Group launches strategic review as Andrew Davies takes helm

It will consider a restructuring, look at capital allocation and ways to improve cash generation
Kier construction workers
Findings are due in the summer

Kier Group plc (LON:KIE) has confirmed the appointment of Andrew Davies as its new chief executive to lead the company alongside Philip Cox who has now resumed his role as non-executive chairman.

Davies has immediately launched a strategic review of the engineering group.

READ: Kier posts drop in first-half profit

The process aims to consider ways of further simplifying Kier in order to create a more focused group.

It will also look at the group’s allocation of capital resources, as well as steps to improve cash generation and reduce leverage.

Kier expects to announce the findings of its review in July.

View full KIE profile View Profile

Kier Group PLC Timeline

Related Articles

Social care
February 01 2019
In the first half of the current year, the company said its health and housing pipeline had grown to 26 schemes with £222.5mln of gross development value
SigmaRoc quarry
April 18 2019
Founded in 2016, the firm looks to create value by purchasing assets in the fragmented construction materials market and forming them into larger groups to create efficiencies

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use