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COO leaves Kier | BUILDING MAGAZINE

COO leaves Kier

Chief operating officer at Kier, Claudio Veritiero has left the company just over a year after taking on the position of COO.

New chief executive Andrew Davies, who started work at Kier in April, and who is on a mission to deliver a headcount reducion of 1,200 by 30th June 2020. It would appear Claudio Veritiero is one of the casualties.

The son of a tiler, Mr Veritiero began his career in banking with Roschild before joining Speedy Hire as business development director in 2004, rising to COO in 2007 while still only 31 years old.

He joined Kier in 2011 as managing director of Kier Services, rising to corporate development director in 2014 and COO in August 2018.

Chief executive ANdrew Davie is now scrapping the role of chief operating officer, with any work involved to be shared between Davies himself and chief financial officer SImon Kesteron.

In a trading update to shareholders today Mr Davies said the job cuts were going according to plan and trading remained in line with expectations. IT and fleet management activities are being outsourced and Tempsford Hall in Bedforshie, Kier’s home since 1964 is being sold. The Foley Street office in London is also going.

Chief executive Andrew Davies said: “We continue to build the foundations for the future of the group through the execution of our strategic priorities. Our core businesses are performing in line with our expectations and we continue to win work from a number of our major clients, whilst significantly reducing the group’s overheads and costs”.

The sale of Kier Living, the house building division, is making progress, he also said.

Meanwhile the company is also looking for a new chair: Philip Cox is believed to have handed in his notice in September.