REG - Speedy Hire PLC - Future Board change

Speedy HireAnnouncement

11/05/2022 07:00

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RNS Number : 0173L  Speedy Hire PLC  11 May 2022

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

 

11 May 2022

Future Board change

Speedy Hire Plc announces that, after seven years with the Company, Russell
Down, Chief Executive, has advised the Board of his intention to retire.
Russell will remain with the business until a successor is in place, to ensure
a smooth and orderly transition. The recruitment process for a replacement is
underway and an update will be provided to the market at the appropriate time.

Russell joined Speedy in April 2015 as Group Finance Director and assumed the
role of Chief Executive in July 2015. The Group has been transformed over this
period having improved its service proposition, grown service revenues,
developed a market leading ESG proposition, sold its Middle East operations,
significantly expanded its presence within the SME and retail markets and
digitised its internal and external operations.

As previously announced the Group expects to report results in line with its
expectations on 24 May 2022.

David Shearer, Chairman, said:

"I would like to thank Russell personally and on behalf of the Board for his
significant contribution as Chief Executive over the last seven years. Under
his leadership, the business has been transformed and is now well positioned
for future growth with an ambitious management team.  We wish him well for
the future."

Russell Down, Chief Executive, said:

"I am proud to have been Chief Executive at Speedy for the last seven years
and of all we have achieved during this period.

We are leading the hire market with our digital offering, customer service
proposition and ESG strategy, and also have a growing presence in the retail
sector. The business is performing well, has a strong balance sheet and is
well positioned for future growth.

I would like to take this opportunity to thank all of my exceptionally
talented colleagues, our customers and suppliers for their support and wish
them well for the future."

 

Enquiries:

 Speedy Hire Plc                       Tel: 01942 720 000

 Russell Down, Chief Executive

 James Bunn, Chief Financial Officer

 MHP Communications                    Tel: 0203 128 8778

 Oliver Hughes

 Andrew Jaques

 

 

Inside Information: This announcement contains inside information.

 

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 ISO27001, ISO50001, ISO9001, ISO14001 and OHSAS18001.
The Group operates from over 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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