Published by Global Banking & Finance Review®
Posted on July 22, 2025
1 min readLast updated: January 22, 2026
Kier Group names Stuart Togwell as new CEO, succeeding Andrew Davies. Togwell will start on November 1, 2025, as Kier anticipates increased revenue and profit.
(Reuters) -Britain's Kier Group said on Tuesday that its CEO Andrew Davies would be stepping down after more than six years in the role, and named insider Stuart Togwell as his successor.
Shares in the infrastructure and construction group, which have fallen almost 50% during Davies' tenure, dropped 5.6% in early trade.
Togwell, the head of Kier's construction business, will assume the company's top role with effect from November 1, 2025. Togwell joined the company in 2019 and took up the role of heading the construction business in December 2022.
Davies was appointed as CEO in 2019, and he undertook a strategic review to cut debt and boost operations by selling its housebuilding unit and cutting over 1,000 jobs.
"Although some investors may be disappointed by (Davies') departure, they will likely welcome (Togwell's) appointment, given his deep industry experience and impressive track record at Kier," Peel Hunt analyst Andrew Nussey said in a note.
Kier Group said it expects annual revenue and profit to be higher than last year.
($1 = 0.7423 pounds)
(Reporting by Unnamalai L in Bengaluru; Editing by Mrigank Dhaniwala and Rashmi Aich)
Stuart Togwell has been named the new CEO of Kier Group, succeeding Andrew Davies.
Stuart Togwell will officially take over as CEO on November 1, 2025.
Andrew Davies served as CEO for over six years, during which shares fell nearly 50%.
Davies conducted a strategic review that included cutting debt, selling the housebuilding unit, and reducing the workforce by over 1,000 jobs.
Shares in Kier Group dropped 5.6% in early trade following the announcement of Andrew Davies' departure.
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