Kier finance director Bev Dew steps down

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Kier Group has announced that its finance director, Bev Dew, will stand down from the board of directors and leave the firm by 30 September 2019

Bev Dew’s departure comes less than two months after Kier appointed Andrew Davies as CEO.

Kier said it has begun the search for his replacement when he leaves at the end of September.

Chairman Philip Cox said: “Bev has been our Finance Director for over four years and I would like to thank him for his contribution over this time. Bev remains firmly committed to the Company and will be working with the Board to deliver the 2019 results.”

Bev Dew moved from Balfour Beatty to Kier in January 2015. Prior to Balfour Beatty, he was CFO for Lendlease UK.

Earlier in the year Kier was left disappointed with the response to its rights issue and was also hit by the resignation of its chief executive Haydn Mursell.

Kier also made a £35.5m loss in the six months to the end of December 2018, after a profit before tax of £34.3m in the same period in 2017.

The company’s revenue grew by just 3% year on year to £2.06bn while the business managed to cut its debt by £58m, leaving a net debt of £108.5m.

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