Carillion has announced the appointment of Andrew Davies, currently the Chief Executive of Wates Group Ltd,  as Chief Executive Officer with effect from 2 April 2018, at which point he will also join the Board.

Keith Cochrane will continue to lead Carillion as Interim Chief Executive Officer until then.

Commenting, Carillion Chairman Philip Green said:

“Andrew has the ideal combination of commerciality, operational expertise and relevant sector experience to build on the conclusions of the strategic review and to lead the on-going transformation of the business.  His experience and his people focussed personal style are an ideal combination for our business.  We are pleased that he has agreed to join us and we are grateful to Keith Cochrane for his interim leadership of Carillion.”

The share price has fallen steeply this year at the UK construction group. In July the company reported “a notable deterioration during 2017 and issued a sales warning. The shareholder dividend was also suspended.