Kier Chief Operating Officer leaves as cost cuts continue

Grant Prior 5 years ago
Share

Kier Chief Operating Officer Claudio Veritiero is leaving the business “with immediate effect” as cost cuts continue at the contractor.

Veritiero was promoted to the role last August when he was charged with leading the Future Proofing Kier cost savings programme.

His role will not be replaced and will now be assumed by chief executive Andrew Davies and chief financial officer Simon Kesterton.

A trading update to the city this morning said Kier was on course to reduce staff numbers by 1.200 by next June alongside annual cost savings of £56m in the financial year ending 30 June 2021.

Kier confirmed it is selling its historic headquarters at Tempsford Hall.

It is also selling offices at Foley Street in London and is outsourcing its IT and fleet management activities.

Davies said: “We continue to build the foundations for the future of the Group through the execution of our strategic priorities.

“Our core businesses are performing in line with our expectations and we continue to win work from a number of our major clients, whilst significantly reducing the Group’s overheads and costs.”

Latest news

Plan in for £3bn Lincolnshire mega data centre

3.3m sq ft Humber Tech Park will be one of Europe's largest data centres
1 day ago

Green light for Digbeth 1,300 homes scheme

Warner’s Fields scheme to start with excavation and landscaping of the River Rea
1 day ago

Flagship biodiversity net gain scheme flawed

NAO warns Government's flagship green development scheme at risk of failure
1 day ago

£210m M3 Junction 9 upgrade gains consent

VolkerFitzpatrick to start work in early 2025 on Winnall roundabout, near Winchester
1 day ago

United Living wins 14-year L&Q homes repairs deal

Trafford housing upkeep deal worth £205m
1 day ago

£400m Lewisham resi-led scheme advances

Land deal paves way for Amro Partners' 1,000-home London scheme
1 day ago

McLaren gets go-ahead for Grade II listed Leeds student scheme

Springfield House to be revamped and two new wings added
1 day ago

Piling giant to fit people alarms on all rigs

Cementation Skanska upgrades site safety systems
1 day ago

Vistry to make £800m profit after subcontractor cost cuts

House builder bullish about shareholder returns after asking suppliers for discounts
2 days ago

Shareholders approve £2.5bn Barratt and Redrow merger

Final hurdle is for the competition regulator to approve the deal.
2 days ago

Green light for £80m Leith waterfront revamp

Build-to-rent homes and student accommodation scheme to be built
2 days ago

Tilbury Douglas clears Interserve legacy jobs to return to profit

Revenue tops £500m in first year as standalone contractor
3 days ago

Land deal paves way for Manchester civil service office hub

Government buys five acres at former Central Retail Park
2 days ago

Speller Metcalfe wins Wolverhampton library upgrade

Full works are due to start in the autumn
2 days ago

Skills shortage puts big infrastructure projects at risk

Government failing as an intelligent client and now over-reliant on consultancies
3 days ago

Contractors face further insulation board price hikes

Cost of PIR insulation boards set to rise another 10%
3 days ago

Henry Boot wins £36m Rotherham Markets job

Project involves upgrading existing market and building a new library
3 days ago

Keltbray hires new head of infrastructure procurement

Lukasz Olszewski will oversee rail, energy and highways business units
3 days ago

Tunnel fit out robot to revolutionise civils work

Costain and VVB Engineering part of innovative consortium
3 days ago

Funding deal for £86m wind turbine test centre

Latest investment at National Renewable Energy Centre in Blyth
4 days ago

Plan in for Manchester ‘upside-down’ 18-storey tower

Landmark cantilevered NXQ building plan for city Northern Quarter
4 days ago

London 25km Super Sewer hooked up for commissioning

Tideway completes connection to existing Lee Tunnel sewer system
4 days ago

£200m Lincoln ring-road approved

North Hykeham Relief Road granted planning permission
4 days ago

£1bn Manchester Airport City plan rebooted as new sci-tech hub

Plan pivots from offices to science and manufacturing campus, called MIX Manchester
5 days ago

Record results at maintenance specialist Renew

Infrastructure maintenance work continues to pay off for contractor
4 days ago

Barhale lands £21m shaft scheme for Thames Water

Civils specialist bags latest upgrade deal on Thames Water Ring Main
4 days ago

Caddick names new north east director

Former Laing O'Rourke project lead joins Yorkshire contractor
4 days ago

Mount Anvil wins London Camden estate rebuild

Deverloper wins £133m Bacton Phase 2 development in Gospel Oak
5 days ago

London Met Uni seeks firm for £280m estate upgrade

A single partner contractor will deliver 10-year building upgrade plan
5 days ago

Top 30 M&E contractors set for growth – ranking

Growth in data centres and commercial refits creates optimism for year ahead
5 days ago

Contractor services