REG - Speedy Hire PLC - Board Change

Speedy HireAnnouncement

27/10/2022 07:00

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RNS Number : 2510E  Speedy Hire PLC  27 October 2022

Speedy Hire Plc

("Speedy", "the Company" or "the Group")

Board change

Speedy, the UK's leading tools and equipment hire services company, operating
across the construction, infrastructure, and industrial markets, announces
that James Bunn has tendered his resignation as Chief Financial Officer
("CFO") to pursue an opportunity in an unrelated sector. The Company has
agreed that James will step down as CFO and from the Board on 1 November 2022.

The Board has appointed an external head-hunter to start the process to find a
permanent successor.

In the intervening period, the Board is pleased to announce the appointment of
Paul Rayner. He will assume the role of interim CFO with effect from 1
November 2022, for a period of up to 12 months allowing time for the Board to
complete the recruitment process. Paul is a Fellow of The Institute of
Chartered Accountants with over 25 years' experience in senior financial
roles, including interim and permanent roles respectively on the main boards
of FTSE-listed companies, Avon Protection PLC and Chemring Group PLC. Until
his leaving date has been agreed, James will continue working with Paul and
the rest of the Speedy executive team to ensure a smooth hand over of
responsibilities.

The Board confirms that trading in the first half of the financial year has
been in line with its expectations. As previously announced, the Group intends
to report its interim results for the six months ended 30 September 2022 on 15
November 2022.

David Shearer, Chairman, said:

"On behalf of the Board, I would like to thank James for his contribution at
Speedy and wish him well in his new role. I am pleased to welcome Paul Rayner
as interim CFO, which will allow the Board time to conduct a thorough process
to find a successor to work with CEO Dan Evans as he drives forward Speedy's
growth strategy."

Enquiries:

 Speedy Hire Plc          Tel: 01942 720 000
 David Shearer, Chairman

 MHP Communications       Tel: 020 3128 8540
 Oliver Hughes
 Andrew Jaques
 Charlie Barker

 

Notes to Editors: Founded in 1977, Speedy is the UK's leading provider of
tools, equipment and plant hire services to a wide range of customers in the
construction, infrastructure and industrial markets, as well as to local trade
and industry.  The Group provides complementary support services through the
provision of training, asset management and compliance services. Speedy is
certified nationally to ISO50001, ISO9001, ISO14001, ISO17020, ISO27001 and
OHSAS18001. The Group operates from c.200 fixed sites across the UK and
Ireland together with a number of on-site facilities at client locations and
through a joint venture in Kazakhstan.

 

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