Source - SMW
Civil engineering business Keller has appointed interim CEO and former CFO Michael Speakman as its permanent chief executive.

The company said trading for 2019 is in line with expectations and updates on strategy suggesting it will exit non-core markets to focus on being 'the preferred geotechnical specialist contractor operating in selected sustainable markets where we enjoy leading positions, and large attractive projects'.

Speakman said: "The board expects the group's performance for 2019 to be in line with market expectations. I am delighted that following the focused restructuring actions delivered by local management in APAC, the division will return to full year profit in 2019. We are also on track to deliver our net debt/EBITDA target of at or below 1.5x.

At 9:51am: (LON:KLR) Keller Group PLC share price was +20.5p at 659.5p

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