Keltbray, the leading specialist engineering and construction group, announced today that it is taking several steps to strengthen the company’s corporate governance and support its strategic priorities. The changes follow a review of the organisation to support the Group’s drive to be at the forefront of best practice in corporate governance.
The company’s enhanced corporate governance structure, effective 1st November 2020, includes the creation of a new holding company entity for the Group and all its subsidiary companies – Keltbray Holdings Limited. This new parent company leads Keltbray’s governance through its Main Board, and will drive early adoption of the Wates Corporate Governance Principles for large privately-owned companies.
To improve its effectiveness, Keltbray is also announcing today the appointment of two new non-executive directors to its Main Board, bringing additional senior leadership experience of working within complex and highly regulated environments.
- Phil Wilbraham joins Keltbray Holdings Limited as a Non-Executive Director of the Main Board and Chair of the Group Risk Committee, reporting to Non-Executive Chairman, Tony Douglas. Phil was formerly Expansion Programme Director for Heathrow Airport Limited following a distinguished senior career with the airport operator.
- Ashley Muldoon joins Keltbray Holdings Limited as a Non-Executive Director of the main Board, reporting to Non-Executive Chairman, Tony Douglas. Ashley is Chief Operating Officer of Global Switch, and was previously Europe, Middle East and Canada Chief Executive Officer for Multiplex.
All other Main Board positions are unaffected by these changes:
- Tony Douglas – Non-Executive Chairman and chair of the Remuneration and Nominations Committee
- John Keehan – Non-Executive Director and chair of the Audit Committee
- Darren James – Chief Executive Officer and chair of the Executive Board
- Peter Burnside – Chief Finance Officer
- Vince Corrigan – Chief Operating Officer
Commenting on the appointments, Brendan Kerr, Executive Chairman said:
“The Board and I firmly believe the organisational enhancements announced today support Keltbray’s commitment to good corporate governance and a strategic customer focus which will deliver increased value for all our stakeholders.
I am delighted that Phil and Ashley, experienced and respected industry figures with fresh perspectives and specific sector expertise, will enable the Board to oversee the management of a broader range of risks and opportunities in support of our strategy for growth.”
For further information please contact Keltbray’s Group Proposals and Communications Director, Philip Pashley on [email protected]
Notes to Editors
The objectives of today’s announcement:
- Rationalise the organisational structure to make it more customer-focused
- Increase levels of Corporate Governance and control
- Strengthen the Main and Executive Boards’ membership
- Align the business with Keltbray’s strategy for sustained growth
This is the first of two announcements today by Keltbray on Corporate Governance. Please also see the company statement, entitled: “Keltbray announces further organisational changes to deliver its customer focussed strategy and reinforce governance“
Keltbray is a leading UK specialist engineering and construction services business, offering a unique self-delivery capability spanning key phases of the construction value chain – civil engineering, geotechnical, asbestos management, demolition, piling and reinforced concrete structures, decommissioning, remediation, rail, power distribution and transmission, and environmental services.
The company was founded in 1976 and is privately owned, directly employs over 1,700 people, and is a key delivery partner to blue-chip public and private sector customers, contributing to the development and maintenance of Britain’s rapidly changing economic infrastructure and built environment.
Keltbray provides certainty of delivery to meet the needs of diverse and complex projects. Its professionally trained employees take pride in delivering safely and sustainably, on time and to budget, and with care for the environment and our communities. Keltbray has successfully completed a range of high profile construction projects on schemes, including recent examples: Earls Court, Battersea Power Station Redevelopment, Ferrybridge Power Station decommissioning, High Speed 2, Trans-Pennine Route Upgrade and major frameworks for the principal Distribution Network Operators in the UK.