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.
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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.