Keller Group plc (‘Keller’ or ‘the Group’), the world’s largest geotechnical specialist contractor, announces the appointment of Carl-Peter Forster as a Non-executive Director and Chair designate.
Carl-Peter will join the Board of Keller as a Non-executive Director and Chair designate with effect from 16 December 2024. Carl-Peter will succeed Peter Hill CBE who announced in July 2024 his intention to step down after approaching nine years as Chairman. Following a handover period Carl-Peter will succeed Peter as Chair on 5 March 2025. As well as his role as Non-executive Director and Chair designate, Carl-Peter will be appointed to the Nomination and Governance Committee on 16 December 2024 and will become Chair of that committee on 5 March 2025 when he assumes the role of Chair of the Board.
Carl-Peter is currently Chairman of Vesuvius plc, Chemring Group PLC and the Senior Independent Director and Remuneration Committee Chair at Babcock International Group plc. On 30 November 2024 Carl-Peter will step down as Chairman of Chemring, as previously announced. He is also Chairman of StoreDot, a member of the Kinexon GmbH Advisory Board, and a member of the Boards of The Mobility House AG, Gordon Murray Group Limited and Envisics Ltd.
He was previously a Non-executive Director of IMI plc, Rexam PLC, Rolls-Royce plc and Cosworth Ltd, and served as Chairman of The London Electric Vehicle Company Ltd, and as a member of the Boards of Volvo Cars Corporation and Geely Automobile Holdings.
This appointment follows a thorough search process undertaken by the Nomination and Governance Committee of the Board, led by Baroness Kate Rock, Keller’s Senior Independent Director.
On behalf of the Board, I would like to thank Peter for his leadership and significant contribution to Keller. Peter has chaired Keller through a transformational period and will be leaving a strong legacy of performance delivery and value creation.”
There are no further details to be disclosed pursuant to Listing Rule 6.4.8R in connection with Carl-Peter Forster’s appointment.
For further information, please contact:
Keller Group plc
Baroness Kate Rock, Senior Independent Director
Kerry Porritt, Company Secretary
Caroline Crampton, Head of Investor Relations
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 five continents, Keller tackles an unrivalled 6,000 projects every year, generating annual revenue of c£3bn.
The following statement is made pursuant to section 430(2B) of the Companies Act 2006: Peter Hill will continue to receive fees for his services whilst a director but will not receive any payment in lieu of notice or for loss of office. As Non-executive Chairman, Peter is not entitled to participate in the Company's bonus, employee share plans or pension arrangements.