REG - Costain Group PLC - Directorate Change

CostainAnnouncement

17/10/2023 07:00

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RNS Number : 2861Q  Costain Group PLC  17 October 2023

 

Costain Group PLC

 17 October 2023

 

Board Changes

 

Costain Group PLC ("Costain" or the "Group") is pleased to announce that Steve
Mogford and Amanda Fisher will be appointed to the Board on 1 November 2023
and 1 December 2023 respectively as independent non-executive directors. Steve
and Amanda will be members of the Company's Audit, Nomination and Remuneration
Committees.

Steve is an experienced executive and non-executive director with extensive
expertise in water, defence and complex joint ventures. Steve was CEO of
United Utilities Group PLC from 2011 until March 2023 and led significant
growth during that period. During 30 years at BAE Systems plc, Steve held
various senior positions before being appointed COO and a member of the board.
Steve is Senior Independent Director of QinetiQ Group plc and was previously
Senior Independent Director of G4S plc.

Amanda was CEO of Amey, the engineering and infrastructure company, from 2019
until 2022. With considerable expertise in transportation, infrastructure and
defence, Amanda restructured the business, re-defining the strategy and
improving contract risk and performance, leading to its successful sale in
2022. Prior to Amey, Amanda held two managing director positions at Balfour
Beatty plc, improving their market share in key sectors, and held a senior
management position at the construction firm, Alfred McAlpine. Amanda is an
independent external Governor of the University of Plymouth.

As part of this change, Jacqueline de Rojas and Neil Crockett, non-executive
directors, will step-down from the Board on 31 October 2023.

Kate Rock, Chair, said: "The Board is delighted to welcome Steve and Amanda to
Costain. Both bring a wealth of experience in key markets, including energy,
water, highways, and rail. They have driven improved profitability and
increased market share, and I look forward to working with them to support the
growth we expect in Costain's operating profit and margins.

"I would like to thank Jacqueline and Neil for their considerable
contributions to Costain and guidance to the Board over the course of their
tenures. Both have provided significant advice and insight, supporting the
Group's strategy for growth."

There is no further information required to be disclosed under LR 9.6.13R of
the Listing Rules.

Enquiries

 

 Investors and analysts      paul.sharma@costain.com

 Paul Sharma, Costain        +44 (0) 7867 501188

 Financial media - Headland  costain@headlandconsultancy.com
 Andy Rivett-Carnac          +44 (0) 7968 997 365
 Charlie Twigg               +44 (0) 7946 494 568

 

Notes to editors

 

Costain helps to improve people's lives by creating connected, sustainable
infrastructure that enables people and the planet to thrive. We shape, create
and deliver pioneering solutions that transform the performance of the
infrastructure ecosystem across the UK's transport, energy, water, and defence
markets.

 

We are organised around our customers anticipating and solving their
challenges and helping to improve performance. By bringing together our unique
mix of construction, consulting and digital experts we engineer and deliver
sustainable, efficient and practical solutions.

 

 

 

 

 

LEI: 213800PKIJBZ2EDTKC88

 

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