Andrew Davies accepts Kier challenge

Andrew

March 19, 2019 – Kier Group has appointed Andrew Davies to be its new chief executive.

Andrew Davies joins Kier on 15th April, more than a year after he was left stranded by the collapse of Carillion. He was on gardening leave from Wates waiting to take over as chief executive of Carillion when suddenly he was left with no job to go to. Carillion went bust in January 2018.

When Kier sacked Haydn Mursell in January, Andrew Davies was immediately the obvious candidate to take over, as we said at the time.

With Kier’s debts piling up, a mutely received rights issue in December and plenty of speculation about it chasing turnover at low or negative margins, the task he faces at Kier is not unlike the job he had expected to do at Carillion – to right a rocky ship.

Andrew Davies, aged 55, was chief executive of Wates Group from 2014 to 2018.

Source:- https://www.theconstructionindex.co.uk/news/view/andrew-davies-accepts-kier-challenge

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