Kier Group has announced a shake-up of its board, with senior independent director Richard Bailey retiring at the end of next month.
Mr Bailey was appointed to Kier’s board in 2010, when he also took charge of the risk management and audit committee. He has been the senior independent director since February 2014.
The board will also see the addition of Adam Walker, finance director at engineering group GKN.
Mr Walker will take over from Mr Bailey as chair of the risk management and audit committee, while also joining the board as a non-executive director.
He has been group finance director at GKN since February 2014 and was appointed chief executive of subsidiary GKN Land Systems earlier this year.
Kier chairman Phil White said of the changes to the board: “Richard has made a major contribution to Kier and the board during the last five years.
“In particular, under his chairmanship, the risk management and audit committee has worked hard, during a period of significant growth by Kier, to ensure that Kier’s systems of internal control and risk management support the delivery of Vision 2020.
“On behalf of my board colleagues, I would like to thank Richard and to wish him every success for the future.
“I would also like to welcome Adam to the board. Adam’s range of skills and experience, which have been developed in a number of organisations throughout his career, will complement those of the other members of the board.
“He is an experienced finance director, having been a board member of three publicly listed companies, and is therefore well-placed to take on the role of chairman of the risk management and audit committee.”