Kier Group PLC Appointment of Chief Financial Officer (5174H)
August 01 2019 - 2:03AM
UK Regulatory
TIDMKIE
RNS Number : 5174H
Kier Group PLC
01 August 2019
1 August 2019
Kier Group plc
Appointment of Chief Financial Officer
Kier 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.
Bev 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.
From 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.
Andrew 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."
- ENDS -
For further information, please contact:
Cynthia Alers, Investor Relations +44 (0)20 3208 6059
Kier Press Office +44 (0)1767 355 096
Richard Mountain/Nick Hasell, FTI Consulting +44 (0)20 3727 1340
The 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.
This 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.
This announcement does not constitute an offer of securities by
Kier Group plc (the "Company" and, together with its subsidiaries,
the "Group"). This announcement may include statements that are, or
may be deemed to be, "forward-looking statements". By their nature,
forward-looking statements involve risks and uncertainties because
they relate to events and depend on circumstances that may or may
not occur in the future and may be beyond the Company's or the
Group's ability to control or predict. Forward-looking statements
are not guarantees of future performance. You are advised to read
the section headed "Principal risks and uncertainties" in the
Company's Annual Report and Accounts for the year ended 30 June
2018 and the section of the Company's rights issue prospectus dated
30 November 2018 entitled "Risk factors" for a further discussion
of the factors that could affect the Company's or the Group's
future performance and the industry in which it operates. Other
than in accordance with its legal or regulatory obligations, the
Company does not accept any obligation to update or revise publicly
any forward-looking statement, whether as a result of new
information, future events or otherwise.
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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