It has now been agreed by the Board of Carillion that Davies will assume his appointment at an earlier date, and will become CEO with effect from 22 January 2018, at which point he will also join the Board.
On the same date, Keith Cochrane will step down from his role as Interim Chief Executive Officer, and from the Board, but will remain with Carillion in an advisory capacity for a period thereafter to ensure a smooth transition.
Andrew Davies was appointed to the role of Chief Executive of Wates Group Ltd in 2014. Prior to that he held a series of senior roles with BAE Systems plc over a 28 year period. He is currently a Non-Executive Director of Chemring Group PLC and brings executive, strategic, turn around and leadership skills to the Company as well as experience of complex public sector contracting in projects, support services and construction.
Philip Green, Chairman of Carillion, said: “We are very grateful to the Board of Wates Group Ltd, and to James Wates CBE, their Chairman, for their facilitation of Andrew’s earlier appointment. It is a demonstration of how the sector is willing to cooperate and collaborate to ensure the long term sustainability of UK industry.
“As I said when we announced his appointment, Andrew has the ideal combination of commerciality, operational expertise and relevant sector experience to build on the conclusions of the strategic review and to lead the on-going transformation of the business, and I look forward to his bringing that experience and expertise to Carillion in the New Year.”