Keller to streamline European headquarters in rejig

Aaron Morby 3 years ago
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Ground engineering giant Keller is restructuring its Europe, Middle East and Africa division to form a more simplified business.

The shake-up will see a new standalone Europe business operating from a slimmed down headquarters in Offenbach, Germany.

Keller has also sold its Colcrete Eurodrill direction drilling equipment manufacturer in Derby to the US-based Pennsylvania Drilling Company.

In the business reorganisation, the Africa and Middle East operations will be combined with South East Asia to form a new Asia-Pacific, Middle East and Africa division.

As a result of the rationalisation and simplification of EMEA, the more focused Europe division will no longer need a divisional headquarters the size it is currently.

In a statement today, Michael Speakman, Chief Executive Officer, said that that the rightsizing of the Europe divisional headquarters would give rise to a restructuring charge in the current year and would reduce operating costs in the future.

The new Europe division will be headed by Jim De Waele, as President Europe, and Mark Hooper, as Chief Financial Officer Europe, from the New Year.

De Waele, a geotechnical engineer, has over 30 years of industry experience and was most recently Keller’s group strategy and business development director having managed one of Keller’s major European businesses for over a decade previously.

Hooper joined Keller in 2019 as group financial controller and was Group Chief Financial Officer on an interim basis for twelve months to October 2020.

In the trading statement, Keller said it expected to outperform current market expectations for 2020 as a result of better than expected trading in the second half to date, specifically in North America, with full year performance now anticipated to be at similar levels to 2019.

 

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