15th Apr 2019 08:36
LONDON (Alliance News) - Kier Group PLC on Monday said that its newly-appointed Chief Executive Andrew Davies will lead a strategic review of the business aiming to further simplify the group's structure.
Davies was appointed CEO of the FTSE 250 construction firm in March and joined officially on Monday. Philip Cox meanwhile has resumed the role of non-executive chair.
The new boss will lead a strategic review of the group which will consider ways to create a "more focused group", the allocation of capital resources and additional steps to improve cash generation and reduce leverage.
The conclusion of the review will be announced in July.
Kier shares were trading up 2.5% at 356.60 pence each early Monday morning.
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