StockMarketWire.com - Kier Group confirmed that Andrew Davies had joined as Chief Executive and would lead a lead a strategic review of the group.

Following Davies appointment, Philip Cox had resumed the role of Non-Executive Chairman, the company said.

The strategic review would consider ways of further simplifying Kier to create a more focused group, the allocation of capital resources across the Group and additional steps to improve cash generation and reduce leverage.

'This review will build on work that has been undertaken by the Board in recent months and is in addition to the previously announced Future Proofing Kier programme. The conclusions of the review will be announced in July,' the company added.


At 9:41am: [LON:KIE] Kier Group PLC share price was +14.1p at 362.1p



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