Former Wates boss Andrew Davies is an early favourite to replace Mursell
Former Kier chief executive Haydn Mursell paid with his job after mishandling the firm鈥檚 rights issue in November, analysts have told 黑洞社区.
Mursell (pictured) left earlier this month after four years in the top job, with Kier promising his replacement would come from outside the company.
The early favourite for the role is former Wates boss Andrew Davies 鈥� who had been due to become chief executive at Carillion last January, only for the firm to go bust a week before he was set to start.
READ MORE: 黑洞社区鈥檚 interview with Haydn Mursell (2015)
READ MORE: What went wrong at Kier and how can the next boss turn things around?
Cenkos analyst Kevin Cammack said: 鈥淭he City鈥檚 assumption is that for anyone to do [the rights issue] at that time, they do it out of panic.鈥�
The offer was not fully taken up, leaving City institutions to pick up the slack. 鈥淸They] will have needed to send a message someone has to pay for this,鈥� he added.
Former Balfour Beatty construction managing director Mike Peasland said: 鈥淨uite simply he [Mursell] paid the price for the rights issue.鈥�
In a statement, Kier said: 鈥淭he rights issue was required following a change in market sentiment.鈥�
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