Kier Group has announced that its chief financial officer (CFO), Simon Kesterton, will step down from the role at the end of the year.

Kesteron joined the infrastructure, construction and property group six years ago.

Chief executive at Kier, Stuart Togwell, said that Kesterton had played a "pivotal role" in strengthening Kier’s balance sheet and delivering its medium-term value creation plan.

Kesterton stated: "When I joined Kier, there was a lot to do, but I saw great businesses with great people and the opportunity to deliver something special. I'm incredibly proud of what we've achieved at Kier and for restoring trust and confidence in the group.

"After six great years, and working with such a fantastic team, the time feels right to pass the baton and to move on to my next challenge."

Kier added that Tom Hinton will join the firm as CFO from 1 January.

Hinton is currently interim executive at Wincanton, where he was previously CFO. Prior to these roles, he served as group CFO at Infinis Energy, Domestic and General and WE Soda.

Hinton concluded: "I am delighted to be appointed as Kier's next CFO. I see huge opportunities ahead for the group and I am looking forward to working with the team and all of Kier's stakeholders to continue to build sustainable success and make a meaningful, lasting impact."

---