Carillion has named Andrew Davies as the new Chief Executive officer of the business.
Davies will take up the role from 2 April 2018, at which point he will also join the Board. Until then, Keith Cochrane will continue to lead Carillion as Interim Chief Executive Officer.
Davies is currently the Chief Executive of Wates Group Ltd having been appointed to the role in 2014 and will leave the organisation on 10 November 2017. 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. Carillion says Davies will bring “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”.
Commenting on the appointment, Carillion Chairman, Philip Green, said, “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. His experience and his people focussed personal style are an ideal combination for our business. We are pleased that he has agreed to join us and we are grateful to Keith Cochrane for his interim leadership of Carillion.”
At construction, development and property services company, Wates Group, David Allen, Chief Financial Officer, will become Acting Chief Executive pending the appointment of a permanent successor.
James Wates CBE, Chairman, commented: “When Andrew leaves, he will do so with the company in a strong position and well on its way to achieving its strategic goal of becoming a sustainably profitable £2 billion turnover company. It’s been a pleasure to work with Andrew over these past four years, and I have thanked him for his outstanding leadership in growing the business, building a strong management team, and ingraining our core values throughout the organisation. On behalf of the shareholders and the Board, I wish him the best for the future. The Board is grateful to David Allen for agreeing to take over as Acting Chief Executive until a permanent successor is appointed.”
The Board of the Wates Group has initiated the process to identify a new Chief Executive, further information will be announced in due course.