Simon Kesterton goes after six years helping mastermind turnaround at business
One of the architects of Kier’s recovery, chief financial officer Simon Kesterton, is leaving at the end of the month.
Kesterton is stepping down two months after former chief executive Andrew Davies decided to leave at the end of October.
Along with Davies’s successor, Stuart Togwell, Kesterton was one of Davies’s first key appointments, arriving six years ago to replace Bev Dew.
Kesterton will be replaced by Tom Hinton, who is currently interim chief executive of logistics firm Wincanton and was formerly a CFO at that business.
Kesterton said: “When I joined Kier, there was a lot to do but I saw great businesses with great people and the opportunity to deliver something special. I’m incredibly proud of what we’ve achieved at Kier and for restoring trust and confidence in the group. After six great years, and working with such a fantastic team, the time feels right to pass the baton and to move on to my next challenge.”
Togwell added: “I would like to thank Simon for his outstanding leadership in supporting the delivery of Kier’s strategic transformation over the past six years. Kier today is very different to the company he joined and he has played a pivotal role in strengthening our balance sheet and delivering our medium-term plan. We wish him every success in his next chapter.”
Kier will unveil its first set of numbers without Davies and Kesterton next spring when it publishes its interim results for the six months to December in March.
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