Woodford leads charge to oust chiefs at struggling Kier


By Mark Kleinman, City editor

Leading shareholders in Kier Group, one of Britain’s largest construction firms,‎ are pushing for a shake-up of its executive team weeks after it raised £250m in a surprise rights issue.

Sky News has learnt that Woodford Investment Management, which holds a 16% stake in Kier, is among a group of investors questioning the future of Haydn Mursell, its chief executive, and finance director Bev Dew.

Neil Woodford, the prominent fund manager who runs the firm, is said to have expressed a desire to see one or both of Mr Mursell and Mr Dew replaced in the coming months.


Article source: “https://news.sky.com/story/woodford-leads-charge-to-oust-chiefs-at-struggling-kier-11605466”