Kier Group PLC Future Proofing Kier Programme - Board Changes (4326W)
August 01 2018 - 2:12AM
UK Regulatory
TIDMKIE
RNS Number : 4326W
Kier Group PLC
01 August 2018
1 August 2018
Kier Group plc
Future Proofing Kier Programme - Board Changes
In its trading update of 10 July 2018, Kier Group plc ("Kier" or
"the Company") announced that it had recently begun an efficiency
and streamlining programme - "Future Proofing Kier". Good progress
has been made to date in identifying potential cost savings;
further information about the programme will be provided when Kier
announces its 2018 financial year results on 20 September 2018.
The appointment of a Chief Operating Officer has been identified
as being key to Kier delivering the programme's objectives. The
Company therefore announces that Claudio Veritiero, currently its
Strategy and Corporate Development Director, has been appointed to
the role of Chief Operating Officer with immediate effect.
Mr. Veritiero, aged 44, joined Kier in 2011 as the Managing
Director of the Services division. Prior to joining Kier, he was
the Chief Operating Officer of Speedy Hire plc, having spent his
early career with the investment banking business of Rothschild. He
was appointed to his current role and to Kier's board of directors
("the Board") with effect from 6 March 2015.
In light of this appointment, Nigel Brook (Executive Director -
Construction and Infrastructure Services) and Nigel Turner
(Executive Director - Developments and Property Services) will
stand down from the Board and leave the business with immediate
effect.
Commenting on the changes to the Board, Philip Cox, Chairman of
Kier, said: "Claudio has a strong record of managing operational
performance and has acquired an in-depth knowledge of Kier, and its
markets, during his time with the business. I very much look
forward to working with Claudio in his new role."
"Nigel Brook and Nigel Turner will be leaving the Board after,
respectively, 10 and 21 years' service with Kier. Each has made a
significant contribution to the business and the Board; under Nigel
Brook's leadership, our Construction and Infrastructure Services
division has continued to perform well in a challenging market
environment and Nigel Turner has, in particular, played a
significant role in the Property business' growth. I would like to
thank each of them for their hard work and contributions and we
wish them well for the future."
This announcement is made in accordance with Listing Rule
9.6.11R.
-Ends-
For further information, please contact:
+44 (0) 1767 355 903/ +44 (0)
Kier press office 7791 719452
Louise Turner-Smith, Head of
Investor Relations +44 (0) 7976 790 012
Richard Mountain/Nick Hasell,
FTI Consulting +44 (0) 20 3727 1340
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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