December 18 2014 Latest news:
Ben Woods, Business writer
Tuesday, February 18, 2014
Infrastructure giant Kier has announced a top level shake up that will see its chief executive replaced.
Current CEO Paul Sheffield is to end his 30-year career with the company, with group finance director Haydn Mursell taking over on July 1.
The firm said that plans are now underway to find a new group finance director.
The announcement follows Kier’s move to snap up Norfolk-based May Gurney last year in a £221m deal after trumping Costain’s bid in April.
Mr Sheffield said: “Since I joined Kier in 1983, the Group has grown enormously, both in scale and the services it offers. I’m very proud of what we have accomplished, but feel it is now the right time to transition the leadership of the Group. I know that Haydn will do an excellent job leading Kier in the next phase of its development and I wish him every success in his new role.”
Phil White, Kier chairman, said: “I would like to express our thanks to Paul for his long-serving commitment to Kier. He joined Kier in 1983 and his contribution over 30 years with the group has been considerable, most recently guiding the acquisition and integration of May Gurney. After a handover period, Paul will leave with our very best wishes for the future.”
“I am delighted to announce the appointment of Haydn Mursell as Chief Executive of Kier. Haydn has done an excellent job as finance director since joining the Group in 2010 and has demonstrated that he is the right person to take over from Paul. The Board is looking forward to working with Haydn.”
The firm said that trading remains in line with the board’s expectations and the group’s interim results will be announced on February 27.
Question marks surround the fate of several development projects in and around King’s Lynn after the developers behind the project went into administration.