Keller Group plc (“Keller” or “the Group”), the world’s largest geotechnical specialist contractor, announces the appointment of David Burke as Chief Financial Officer with effect from 12 October 2020. David will also join the Board and the Executive Committee as at that date.
Keller Group plc (“Keller” or “the Group”), the world’s largest geotechnical specialist contractor, announces the appointment of David Burke as Chief Financial Officer with effect from 12 October 2020. David will also join the Board and the Executive Committee as at that date.
David joins Keller from J. Murphy & Sons Limited, a leading international specialist engineering and construction company with turnover of £900 million and 3,500 employees, where he has been Chief Financial Officer since 2016. Previously, he had a progressive career at Serco Group plc over 12 years, including four years as Chief Financial Officer for AMEAA (Africa, Middle East, Asia and ANZ region) headquartered in Delhi, India, and concluding as Chief Financial Officer of Serco’s UK Central Government Division, with turnover of £1.6 billion and 10,000 employees. He has a track record of driving business performance and change in the construction and services sectors across varied cultures and geographies including Europe, the Middle East, the Americas and Asia.
Details of David’s remuneration package are set out in the notes below.
Michael Speakman, Chief Executive Officer, commented:
“We are delighted that David is joining us as Chief Financial Officer. He is a highly experienced finance executive who brings considerable understanding of the operational and commercial environment in which Keller does business. We are looking forward to working with David and welcome him to the group.
On behalf of the Board, I would like to express my sincere appreciation for the very material contribution that Mark Hooper has made during his interim appointment as Chief Financial Officer over a period of significant challenge to our business.”
David Burke said:
“I am very pleased to be joining Keller whom I have long admired as the world’s leading geotechnical specialist. I look forward to bringing my experience to bear as we navigate through the challenges and opportunities of the sector in these unprecedented times.”
There is no additional information required to be disclosed pursuant to paragraph LR9.6.13R of the Listing Rules of the Financial Conduct Authority.
For further information, please contact:
Keller Group plc
Michael Speakman, Chief Executive Officer
Victoria Huxster, Co-Head of Investor Relations
Caroline Crampton, Co-Head of Investor Relations
www.keller.com
020 7616 7575
FTI Consulting
Nick Hasell / Matthew O'Keeffe
020 3727 1340
Notes to editors:
Keller is the world's largest geotechnical specialist contractor providing a wide portfolio of advanced foundation and ground improvement techniques used across the entire construction sector. With around 10,000 staff and operations across six continents, Keller tackles an unrivalled 7,000 projects every year, generating annual revenue of more than £2bn.
David Burke’s remuneration package:
David Burke’s salary package meets the criteria set out in the Company’s approved remuneration policy and is as follows:
-
Base pay: salary £375,000; pension 7% salary; car allowance £18,000
- Performance related pay: annual bonus up to 150% salary (max); long term incentive plan normal awards of 125% of base salary per annum, commencing 2021
No buy-out of existing incentive arrangements is required.