Board Changes
March 17 2003 - 5:11AM
UK Regulatory
RNS Number:7887I
Kier Group PLC
17 March 2003
Kier Group plc
Board Changes
Kier Group plc is pleased to announce that, in order to meet the growing needs
of the business, the role of Chairman and Chief Executive will be separated.
With effect from 1 May 2003, John Dodds will become Chief Executive of the Group
while Colin Busby will retain the role of Chairman.
John has been a member of the Board since the employee buy-out in 1992. He has a
vast knowledge of the construction industry both in the UK and overseas and an
in-depth knowledge of Kier. His responsibilities to date have included Kier
National, Property and the Group's PFI activities, which, by their nature, have
spanned all divisions of the Group.
On 7 May 2003, Martin Scarth, who has been the Board member responsible for Kier
Regional since the employee buy-out in 1992 and more recently has been
responsible for the Support Services division, will be retiring. Martin has been
with Kier for over 40 years and has played a significant role in developing its
highly successful Regional business into the market leader in UK Regional
Construction.
On 30 June 2003, David Homer, Managing Director of Kier Residential, will also
be retiring. David joined the Group in 1994 and was appointed to the Board prior
to flotation in 1996. During this time he has built up a thriving, premium
quality, regional housebuilding business, which has grown threefold since his
appointment and which has made a significant contribution to Group profits.
Both Martin and David have been fundamental to the growth and success of the
Group each representing the key elements in our business model, the cash
generative activities and the cash consumptive activities.
- ENDS -
For further information, please contact:
Colin Busby
Chairman
Kier Group plc Tel: 01767 640111
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAMGGMFRDNGFZM