REG - Keller Group PLC - Directorate Update

KellerAnnouncement

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RNS Number : 0671O  Keller Group PLC  24 June 2025

 

24 June 2025

Keller Group plc

 

Directorate update

 

Further to the announcement on 15 May 2025, the Board of Keller Group plc
('Keller' or the 'Group') announces, with sincere regret, that Michael
Speakman, Chief Executive Officer ('CEO'), has given notice that he will step
down as CEO and as a director of Keller with effect from 18 August 2025 in
order to continue with his necessary medical treatment.

 

The Board fully respects and supports Michael's decision to step down and
extend their immense gratitude to him for his leadership, dedication, and
significant contributions to the Group over his tenure. Michael will remain
employed by Keller on an advisory basis.

 

Following a comprehensive search process, the Board is pleased to announce the
appointment of James Wroath as CEO, effective 18 August 2025. James brings a
wealth of relevant experience to the role, having most recently served as CEO
of Wincanton plc. The Board is confident that he will provide strong
leadership and strategic direction as the Group continues to deliver its
successful growth strategy.

 

Carl-Peter Forster, Chair of Keller, said:

 

"On behalf of the Board and the Keller team, I would like to thank Michael for
his outstanding leadership and immense contribution to the business since he
joined the Group in 2018, initially as CFO, then from 2019 as CEO. During this
time he has led the Group through a period of significant growth and
development; rationalising the portfolio and improving the project execution
across the business, resulting in a substantial uplift in the Group's
performance and the delivery of improved returns. Michael steps down with the
Group in a strong financial and operational position to continue to pursue its
growth opportunities ahead. We wish Michael our very best as he continues his
medical treatment."

 

"We are delighted to announce James as our incoming CEO. He brings the right
blend of experience, vision and leadership to take the Group forward, most
recently in his role as CEO at Wincanton plc and from his previous senior
roles at two major businesses in the US, LSG Group and Kuehne + Nagel Inc.
James is a proven FTSE CEO and successfully led Wincanton plc through a period
of cultural and operational transformation, leading to the recent sale to GXO
Logistics. He brings a strong track record of leading improved performance in
geographically dispersed contracting businesses. I look forward to welcoming
James to the Board".

 

There are no further details to disclose under UKLR 6.4.8R.

 

James Wroath

 

Until recently James served as CEO of Wincanton plc, a role he held since
September 2019, leading one of the UK's largest third-party logistics
providers through a phase of growth, innovation, and integration following its
acquisition by GXO Logistics. Before joining Wincanton, James held several
senior leadership roles in international businesses in the UK and the United
States including Head of North America at LSG Sky Chefs (part of Lufthansa
AG), a role he held for nearly four years, which involved managing over 13,000
people and $1bn in sales. He has also held leadership positions at Kuehne +
Nagel Inc. and Scottish & Newcastle.

 

Interim results

 

The Group will announce its results for the six months ending 30 June 2025 on
5 August 2025. A presentation and webcast for analysts and investors, led by
David Burke, Chief Financial Officer, will be held on that date.

 

 

For further information, please contact:

 

 Keller Group plc                                     www.keller.com (http://www.keller.com)
 David Burke, Chief Financial Officer                 020 7616 7575
 Caroline Crampton, Group Head of Investor Relations

 FTI Consulting
 Nick Hasell                                          020 3727 1340
 Matthew O'Keeffe

 

This notification is made in accordance with UKLR 6.4.6R.

 

Notes to editors:

Keller is the world's largest geotechnical specialist contractor providing a
wide portfolio of advanced foundation and ground improvement techniques used
across the entire construction sector. With around 10,000 staff and operations
across five continents, Keller tackles an unrivalled 5,500 projects every
year, generating annual revenue of c.£3bn.

 

Cautionary statements:

This announcement contains certain 'forward-looking statements' with respect
to Keller's financial condition, results of operations and business and
certain of Keller's plans and objectives with respect to these items.

Forward looking statements are sometimes, but not always, identified by their
use of a date in the future or such words as 'anticipates', 'aims', 'due',
'could', 'may', 'should', 'expects', 'believes', 'intends', 'plans',
'potential', 'reasonably possible', 'targets', 'goal' or 'estimates'. By their
very nature forward looking statements are inherently unpredictable,
speculative and involve risk and uncertainty because they relate to events and
depend on circumstances that will occur in the future. There are a number of
factors that could cause actual results and developments to differ materially
from those expressed or implied by these forward-looking statements. These
factors include, but are not limited to, changes in the economies and markets
in which the Group operates; changes in the regulatory and competition
frameworks in which the Group operates; the impact of legal or other
proceedings against or which affect the Group; and changes in interest and
exchange rates. For a more detailed description of these risks, uncertainties
and other factors, please see the Principal risks and uncertainties section of
the Strategic report in the Annual Report and Accounts. All written or verbal
forward looking statements, made in this announcement or made subsequently,
which are attributable to Keller or any other member of the Group or persons
acting on their behalf are expressly qualified in their entirety by the
factors referred to above. Keller does not intend to update these
forward-looking statements. Nothing in this document should be regarded as a
profits forecast. This announcement is not an offer to sell, exchange or
transfer any securities of Keller Group plc or any of its subsidiaries and is
not soliciting an offer to purchase, exchange or transfer such securities in
any jurisdiction. Securities may not be offered, sold or transferred in the
United States absent registration or an applicable exemption from the
registration requirements of the US Securities Act of 1933 (as amended).

LEI number: 549300QO4MBL43UHSN10 Classification: 3.1 Additional regulated
information.

 

 

 

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