REG - Vp PLC - Board Changes

VPAnnouncement

11/08/2023 07:00

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RNS Number : 9916I  Vp PLC  11 August 2023

     11 August 2023

 

 

Vp plc

('Vp' or the 'Group' or the 'Company')

 

Board Changes

 

Vp plc, the equipment rental specialist, today announces that the Group's
Chief Executive, Neil Stothard, has informed the Board of his decision to
retire from the Group at the end of September 2023.  Neil has been with Vp
since 1997 when he joined as Group Finance Director, later becoming Managing
Director in 2004 before transitioning to Chief Executive.

 

Anna Bielby, the Group's Chief Financial Officer will become Chief Executive
on 1 September 2023 and will work with Neil until then to facilitate an
orderly handover. Anna has been CFO of Vp since 1 January 2023.  Her previous
roles include Interim CFO at Lookers plc, CFO of KCOM Group PLC and a director
at PwC.  The Group has commenced a CFO recruitment process and further
regulatory announcements will be made regarding this position in due course as
appropriate.

 

Commenting on the Board Changes, Jeremy Pilkington, Chairman of Vp, said: "I
want to record my personal thanks to Neil for his service to the Company and
me since joining Vp in 1997 as Group Finance Director and in 2004 assuming the
role of Managing Director and subsequently Chief Executive.  Working with
Neil to exit the general plant hire sector to focus on a specialist rental
offering created the platform for our continued success and growth.  Neil's
dedication and strong leadership has been central to Vp's prosperity and
enables us to look to the future with confidence and optimism.

 

My fellow directors and I would like to welcome Anna as our new CEO.  Anna
has been a great addition to the Board since her appointment as CFO in January
this year and our decision to appoint Anna as Chief Executive was an easy one.
In January 2023 the Board was strengthened with the appointments of Mark
Bottomley and Stuart Watson as non-executive directors and I believe we have
the right Board and wider team in place to continue to drive the business
forward.

 

"We have achieved a great deal over the years with Neil at the helm and on
behalf of everyone at Vp I want to wish him the very best in his retirement."

 

- Ends -

 

For further information:

 Vp plc                                Tel: +44 (0) 1423 533 400
 Jeremy Pilkington, Chairman           www.vpplc.com (http://www.vpplc.com)
 Neil Stothard, Chief Executive
 Anna Bielby, Chief Financial Officer

 

 

 Media enquiries:
 Buchanan
 Henry Harrison‐Topham / Jamie Hooper / George Beale    Tel: +44 (0) 20 7466 5000
 Vp@buchanan.uk.com (mailto:Vp@buchanan.uk.com)         www.buchanan.uk.com (http://www.buchanan.uk.com)

 

 

 

Notes to Editors

 

Vp plc is a specialist rental business providing products and services to a
diverse range of markets including infrastructure, construction, housebuilding
and energy markets, both in the UK and overseas.

 

The Group comprises a UK and an International division:

 

UK

 

Groundforce

A market leading rental and design provider of excavation support systems and
specialist products to the water, civil engineering and construction
industries with operations in the UK, the Republic of Ireland and mainland
Europe.

 

Brandon Hire Station

The leading provider of tools and specialist rental products to industry,
construction and home owners across the UK.

 

ESS

The leading specialist provider of safety, survey, communications and test
& measurement equipment rental in the UK.

 

MEP Hire

The UK's largest provider of mechanical and electrical press fittings and low
level access platforms to the construction, fit out, mechanical and electrical
markets.

 

Torrent Trackside

Specialist suppliers of rail infrastructure portable plant and related
trackside services to Network Rail, London Underground and their appointed
track renewal, maintenance and project contractors.

 

TPA

One of Europe's largest suppliers of temporary access solutions.  Operating
from bases in the UK and Germany, TPA provides portable roadways and temporary
access solutions to customers in the transmission, construction, rail and
outdoor events markets.

 

UK Forks

One of the UK's leading specialist hirers of telescopic handlers. The products
and services are utilised by its customers to improve safety and productivity
on construction and housebuilding sites across the UK.

 

International

 

Airpac Rentals

An international business supporting a wide range of oil and gas markets,
servicing well test, pipeline testing, rig maintenance and LNG markets
worldwide.

 

TR Group

Australasia's leading technical equipment rental group providing test and
measurement, communications, calibration and audio visual solutions in
Australia, New Zealand and South East Asia.

 

Further information is available at www.vpplc.com/investors
(http://www.vpplc.com/investors)

 

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