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.
Kier in talks to sell housebuilding business
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.”
