Kier Group PLC Board Changes (9565H)
March 30 2020 - 2:01AM
UK Regulatory
TIDMKIE
RNS Number : 9565H
Kier Group PLC
30 March 2020
Kier Group plc
Board Changes
Kier Group plc (the "Company" or the "Group") announces the
appointments of Mr. Clive Watson and Dame Heather Rabbatts to its
board of directors (the "Board") with immediate effect.
Clive Watson is currently a non-executive director of Breedon
Group plc and discoverIE Group plc, where he is the Chair of the
Audit and Risk Committee, having previously been a non-executive
director of Spirax-Sarco Engineering plc, where he was the Senior
Independent Director and the Chair of the Audit Committee. During
his executive career, Clive was the Group Finance Director at
Spectris plc from 2006-2019, having previously held a number of
senior finance positions at Borealis, Thorn Lighting Group and The
Black & Decker Corporation.
Clive will be the Chair of the Risk Management and Audit
Committee and a member of the Nomination Committee, the
Remuneration Committee and the Safety, Health and Environment
Committee.
Justin Atkinson will stand down from the role of acting Chair of
the Risk Management and Audit Committee with immediate effect and
continue in the role of Senior Independent Director.
Heather Rabbatts has held a number of executive and
non-executive positions in the local government, entertainment and
sport sectors, in particular. Heather is currently the Chair of
Soho Theatre Company and her recent non-executive directorships
include Crossrail, the Football Association, where she was a member
of the Remuneration Committee, and Grosvenor Britain & Ireland,
where she was the Chair of the Audit Committee.
Heather will be the Chair of the Remuneration Committee and a
member of the Nomination Committee, the Risk Management and Audit
Committee and the Safety, Health and Environment Committee.
Constance Baroudel, the current Chair of the Remuneration
Committee, will stand down from the Board with immediate
effect.
Matthew Lester, Chairman, said: "We are delighted that Clive and
Heather will be joining the Board. Both have a depth of experience
which will be invaluable as the Board continues to oversee the
delivery of the Group's strategic objectives. I look forward to
working with Clive and Heather.
I would like to thank Constance for her contribution over almost
four years on the Board. I would also like to thank Justin for
undertaking the role of Chair of the Risk Management and Audit
Committee on an interim basis.
As the Chair of the Remuneration Committee, Heather will be
engaging with shareholders with respect to the Company's revised
remuneration policy, which will assist her to understand the
reasons for the significant vote against the Directors'
Remuneration Report at the 2019 AGM and to consider any actions
which may need to be taken as a result."
In relation to the appointment of Clive Watson, no further
information is required to be disclosed pursuant to Listing Rule
9.6.13R.
In relation to the appointment of Heather Rabbatts, no
information is required to be disclosed pursuant to Listing Rule
9.6.13R.
Further information
Please contact:
Kier Press Office +44 (0)1767 355 096
Richard Mountain/Nick Hasell - FTI Consulting +44 (0)20 3727 1340
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 (together, the "Group") whether
in the current or any future financial year. 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 2019 and the Company's
results announcement for the six months ended 31 December 2019 for
further information about 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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