27 October 2017 | Martin Read
Carillion chairman Philip Green has said that Andrew Davies, who is to join the company as its new chief executive officer from the beginning of April next year, will bring with him "his experience and people-focused personal style [which] are an ideal combination for our business."
Green believes Davies also brings a strong blend of "commerciality, operational expertise and relevant sector experience".
Davies is the current chief executive of the construction, development and property services company Wates Group Ltd, a role he has held since 2014. David Allen, Wates's current chief financial officer, is to step up to that company's position of acting chief executive pending the appointment of a permanent successor.
Before joining Wates, Andrew Davies spent 28 years at BAE Systems in a variety of roles. He is also a non-executive director for Chemring Group plc.
Carillion further expects Davies to bring "executive, strategic, turn around and leadership skills" to the company. He also brings experience of complex public sector contracting in projects, support services and construction.
Wates Group chairman James Wates commented that when Davies departs, "he will do so with the company in a strong position and well on its way to achieving its strategic goal of becoming a sustainably profitable £2 billion turnover company."
For his part, Davies said: "It has been a privilege and a pleasure to work for the Wates Group, and I am proud of what we as a company have accomplished over these past four years. I look forward to working with the board and the management team to ensure there is a smooth and orderly transition."
Keith Cochrane will continue as Carillion's interim CEO until Davies takes over.