Kier Group announces boardroom changes

Kier Group unveiled boardroom changes on Wednesday, with the news that one of its senior members was to retire.

The FTSE 250 construction and property group announced that Richard Bailey would be retiring from the board on 31 January 2016.

Bailey was appointed to the board in October 2010, and became chairman of the risk management and audit committee in November of the same year.

He was also appointed as the senior independent director in February 2014.

The company also announced that Adam Walker, currently the group finance director at engineering firm GKN, would be joining the Kier Group board as a non-executive director and chairman of the risk management and audit committee.

A replacement senior independent director was yet to be decided.

"Richard (Bailey) had made a major contribution to Kier and the board during the last five years", said board chairman Phil White.

White also welcomed Walker, saying his skills and experience would complement those of the other board members.

"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."