Assetco Regulatory News (ASTO)

15 Feb 2008 07:01

AssetCo PLC15 February 2008 For Immediate Release 15 February 2008 AssetCo Strengthens Senior Management Team New Managing Director of Vehicle and Emergency Equipment Services AssetCo plc, ("AssetCo" or the "Company") is pleased to announce the furtherstrengthening of its operational management team with the appointment of PeterMounsey, as Managing Director of the Company's new and enlarged Vehicle andEmergency Equipment Services business, with immediate effect. Peter joins AssetCo from his role as Director for Operations & Post DealServices at Grant Thornton where he specialised in helping companies and privateequity houses with the integration and restructuring of businesses postacquisition. He has provided advice and hands-on implementation for a number oflarge and complex operational integrations in a variety of sectors, including,manufacturing and automotive in the UK and internationally. Prior to joining Grant Thornton, Peter was Managing Director of a UK basedmanufacturing company where he led a successful restructuring programme.Previously he has held senior operational management roles in private sectorcompanies and consultancies where he gained a track record for restructuring forprofit and performance improvement. Peter, in his role at Grant Thornton, worked with AssetCo in order to structurethe new Vehicle and Emergency Equipment Services business following theacquisition of AssetCo subsidiaries, TVAC and UV Modular, at the end of lastyear. His focus, going forward, will be to steer the development of the businessto maintain and deliver manufacturing and service quality whilst reorganisingfor ongoing growth. The Company's Operating Management Board now comprises Steve Bristow (BusinessDevelopment Director), Mark Clissett (Engineering Director), Frank Flynn (ChiefFinancial Officer of AssetCo plc), Kaye Morton (Finance Director of AssetCoGroup), Peter Mounsey (Managing Director - Vehicle & Emergency Equipment),Damian Murphy (Procurement Director), Jeff Ord, CBE, (Managing DirectorEmergency Resource) and Jeff Stone (Client Account Director). It is chaired byDavid Smith who is also Managing Director of AssetCo's Emergency SupportServices operation. Commenting on the announcements, Chief Executive Officer, John Shannon said: "Peter's appointment and that of Kaye Morton announced earlier this month,complement a process of internal management restructuring in AssetCo last yeardesigned to better realign the extensive expertise of the Company's seniormanagement team to the rapidly expanding business. I am very pleased thatAssetCo's reputation is such that we are able to attract and retain people ofsuch calibre - I think it is a great testament to what we have achieved in arelatively short space of time". For more information please contact: AssetCo plc Tel: +44 (0) 20 8515 3999 John Shannon Frank Flynn Buchanan Communications Tel: +44 (0) 20 7466 5000 Tim Anderson Isabel Podda Hoare Govett Limited - Nomad Tel: +44 (0) 20 7678 8000 Stephen Bowler John MacGowan Richard Crichton Kaupthing Singer & Friedlander Capital Markets Ltd Tel: +44 (0) 20 3205 5000 Nicholas How Marc Young This information is provided by RNS The company news service from the London Stock Exchange