Kier’s construction group managing director Liam Cummins will leave the company at the end of the year.
Cummins is leaving after three years at the UK’s second-largest contractor and will take on another yet-to-be-named chief executive .
Cummins joins Kier from Laing O’Rourke, where he was a director for 15 years.
He will be replaced at Kier by Stuart Togwell, who is currently the contractor’s commercial director. Togwell will also remain on Kier’s executive committee.
Togwell has been with Kier for three years , but moved to the company after 33 years with Wates.
Kier CEO Andrew Davies Cummins said Cummins had been “an integral part of our leadership team” but Togwell’s 35-year The experience makes him “well-equipped to lead our construction business and help deliver on our mid-term plans”.
Last September, Kier formulated a medium-term growth plan , including a revenue target of £4 billion to £4.5 billion, and an adjusted operating margin target of 3.5%.
Based on the most recent accounts, for the year ended 30 June 2022, Kier Revenue was £3.14 billion. This compares with £3.26 billion the year before.
However, the company’s pre-tax profit did rise by almost 200% to £15.9m, from £5.6m the previous year.