Haydn Mursell
Haydn Mursell, the chief executive of Kier, is to leave the business with immediate effect.
The company announced that chairman Philip Cox will act as executive chairman working with finance director Bev Dew and chief operating officer Claudio Veritiero until a new chief executive is appointed.
Kier said it has begun its search for an external successor to Mursell immediately.
The news came on the same day that the business issued a trading update in which it said it was on track to meet its expectations for the 2019 financial year, ending on 30 June. Average month-end net debt has fallen at the company to around £370m from £410m in the second half of its 2018 financial year as a result of its recent £264m rights issue.
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