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Stranded Carillion boss takes over at Kier

The man lined up to take over the top job at Carillion before it collapsed has been appointed chief executive of rival construction outsourcer Kier.

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Andrew Davies will become chief executive of Kier on 15 April
Andrew Davies will become chief executive of Kier on 15 April
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Stranded Carillion boss takes over at Kier #ukhousing

Andrew Davies had been given the job of chief executive of Carillion in October 2017, but before he could take up the role, the contractor collapsed into insolvency. He will officially become the boss of Kier on 15 April after the departure of previous boss Haydn Mursell, who announced he was to step down in January.

Mr Davies was previously the boss of construction, development and property services company Wates Group and before that he spent more than 28 years with defence contractor BAE Systems.

He has been out of work since Carillion collapsed in January 2018.


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Mr Davies’ arrival at Kier comes after a disastrous few months for the firm: in December, a rights issue aimed at raising cash was unable to hit its cash target, and last week it disclosed that its debt position had been revised upwards by £50m after an accounting error.

Mr Mursell’s departure was instigated by investors who called for change at the top in a bid to turn the company’s fortunes around.

Mr Davies said he planned to bring “a renewed focus on simplifying the group, improving cash flow generation and reducing net debt, whilst maintaining the group’s disciplined approach to risk management”.

Kier is one of Britain’s biggest construction and services groups, carrying out work for Highways England and Crossrail and employing about 20,000 people.

It is a major contractor in the UK social housing sector and currently has repairs deals with associations such as The Guinness Partnership.

The company also signed a 10-year joint venture with Homes England and housing association Cross Keys Homes to supply 5,400 homes.

Philip Cox, executive chair of Kier, said of Mr Davies’ appointment: “Andrew 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.”

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