Keller Group plc (LSE:KLR) has confirmed the passing of former chief executive Michael Speakman, who died on 3 April 2026. Speakman stepped down from the CEO role in August 2025 in order to continue medical treatment. He originally joined Keller in 2018 as chief financial officer and was appointed CEO the following year.
Chair Carl-Peter Forster paid tribute to Speakman’s leadership, highlighting the important role he played in guiding the company through a period of strategic progress and improved operational and financial performance. During his tenure, Speakman helped strengthen Keller’s business foundation and advance its long-term direction within the global geotechnical services market.
The board emphasized that his leadership had a lasting impact on the company’s development and acknowledged the contributions he made in shaping Keller’s recent growth. The group also expressed condolences to Speakman’s family, noting that the current leadership team will continue building on the progress achieved under his guidance.
From an investment perspective, Keller’s outlook is supported by strengthening financial performance and an attractive valuation, including a relatively low price-to-earnings multiple. Recent earnings commentary highlighted robust free cash flow, a net cash balance sheet, and improved shareholder returns. Technical indicators remain supportive given the stock’s clear upward trend, although elevated RSI and stochastic readings point to the possibility of a short-term pullback.
More about Keller Group plc
Keller Group plc is the world’s largest geotechnical specialist contractor, providing advanced foundation and ground improvement solutions for construction projects. The company employs around 10,000 people, operates across five continents, completes roughly 5,500 projects each year, and generates annual revenue of approximately £3 billion.
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