Business
Appointment of Chief Financial Officer
Appointment of Chief Financial Officer.
About this update from Kier Group Plc
[{"type":"text","content":"\n \nRNS Number : 5174H Kier Group PLC 01 August 2019 \n\n1 August 2019\n \n \n \nKier Group plc\n \nAppointment of Chief Financial Officer \n\nKier Group plc (\"Kier\" or the \"Company\") announces that Simon Kesterton will be appointed to its board of directors (the \"Board\") as Chief Financial Officer Designate with effect from 26 August 2019 and will assume the role of Chief Financial Officer from 19 September 2019. \n \nBev Dew, Kier's Finance Director, will stand down from the Board immediately following the announcement of the Company's results for the 2019 financial year and is expected to remain on garden leave for the remainder of his notice period, which concludes in May 2020.\n \nFrom 2013 to 31 July 2019, Mr. Kesterton was Group Finance Director at RPC Group plc. Prior to this, he was Chief Financial Officer, Europe and also Chief Strategic Officer at IAC Group, where he worked from 2006 to 2012. During the early part of his career, Mr. Kesterton undertook a number of finance roles at Collins & Aikman and British Federal.\n \nAndrew Davies, Chief Executive of Kier, said: \"Simon has a broad range of finance experience across a number of sectors. In particular, he has played a key role in implementing programmes which focus on the disposal of non-core assets, the reduction of overheads and cost control. I would like to welcome Simon to Kier and I look forward to working with him.\"\n \n- ENDS -\n \n\n\n\n\n \nFor further information, please contact: \n\n\n \n\n\n\n\nCynthia Alers, Investor Relations\nKier Press Office \n\n\n+44 (0)20 3208 6059\n+44 (0)1767 355 096\n\n\n\n\nRichard Mountain/Nick Hasell, FTI Consulting \n\n\n+44 (0)20 3727 1340\n \n\n\n\n\nThe Company confirms that there are no other disclosures to be made in connection with Mr. Kesterton's appointment under LR 9.6.13R of the Listing Rules.\n \nThis announcement contains inside information for the purposes of Market Abuse Regulation (Regulation (EU) No. 596/2014). The person responsible for making this announcement on behalf of the Company is Hugh Raven, General Counsel and Company Secretary.\n \nThis announcement does not constitute an offer of securities by Kier Group plc (the \"Company\" and, together with its subsidiaries, the \"Group\"). This announceme...