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LONDON - Kier Group plc (LSE:LON:KIE) announced Tuesday that Chief Executive Andrew Davies will retire and step down from the Board on October 31, 2025, after six years leading the infrastructure services and construction company.
Stuart Togwell, currently Kier’s Executive Director and Group Managing Director of Construction, will succeed Davies as Chief Executive effective November 1, 2025, following what the company described as "a thorough internal and external selection process."
During Davies’ tenure, Kier strengthened its financial position and built a record order book of over £11 billion, according to the company. The firm also returned to the FTSE250 index and resumed dividend payments under his leadership.
"It has been an absolute privilege to lead Kier and to transform the Group into a strong and sustainable business that benefits all stakeholders," Davies said in the press release statement.
Kier Chairman Matthew Lester credited Davies with increasing the company’s resilience and building "a culture based on safety, delivery, discipline and performance excellence."
Togwell, who has been involved in Kier’s transformation efforts, expressed that he was "honoured to be appointed as the next Chief Executive" and looked forward to working with the company’s teams to "drive success and growth."
Kier Group is one of the UK’s infrastructure services, construction and property groups. The leadership transition comes as the company focuses on delivering what it terms "long-term sustainable growth."
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