After a slow start to the year, the group is forecasting a strong performance\u00a0in the second half of the year to meet targets\u00a0to achieve a net cash position at 30 June 2019<\/p>\n
Davies spent four years as chief executive\u00a0of Wates before announcing in October 2017 he was leaving to become chief executive of Carillion. But a week before officially taking up the\u00a0job\u00a0Carillion\u00a0collapsed into administration.<\/p>\n
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<\/a><\/div>\n<\/div>\nBefore joining Wates Davies spent over 28 years at BAe Systems,\u00a0\u00a0undertaking a range of senior operational and corporate roles, including group strategy director and, latterly, managing director of the maritime division.<\/p>\n
Davies said: “I look forward to leading Kier in consolidating its market-leading positions and to bringing a renewed focus on simplifying the group, improving cashflow generation and reducing net debt, while maintaining the group\u2019s disciplined approach to risk management.\u201d<\/p>\n
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<\/a><\/div>\n<\/div>\nPhilip Cox, executive chairman of Kier, said: \u201cAndrew has a strong track record of business leadership and his operational experience across a number of sectors, combined with his strategic approach, make him an excellent fit for Kier. On behalf of the Board, I would like to welcome Andrew to the Group and I look forward to working with him.\u201d<\/p>\n
Davies joins on 15 April when Philip Cox will resume his role as non-executive chairman.<\/p>\n
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