Last checked at 25 May 2016 07:00
25 May 2016
HSS Hire Group plc ("HSS")
Appointment of Chief Financial Officer
HSS Hire Group plc is pleased to announce the appointment of Paul Quested as Chief Financial Officer. Paul will join the Group and become an Executive member of the Board with effect from August 22nd 2016.
Paul (45) has over 20 years' experience in senior finance, general management and strategy roles. Paul is currently Chief Corporate Development Officer of Electrocomponents plc where he has been a member of the Group Executive Management Team since 2008. Paul commenced his career and qualified as an accountant with Coopers and Lybrand. He then moved into finance roles in industry, initially with Whitbread plc, following which he spent eight years with InBev, before joining Electrocomponents plc in 2007 to lead the UK finance team. Since then he has led the UK operating company, the group digital business and the global strategy function.
Paul will bring to HSS a broad range of financial, operational and strategy experience across global multi-site businesses. Steve Bailey, who was appointed as Interim Chief Financial Officer on 20 April 2016, will continue working within the business for a period of time to provide a smooth handover of CFO responsibilities to Paul.
Alan Peterson, Chairman of HSS Hire Group plc, commented:
"I am delighted that Paul has agreed to join HSS and believe that his extensive financial and operational experience will be very valuable to the Group as we embark on our next stage of development and growth. I am pleased that Steve will continue as Interim Chief Financial Officer providing continuity and a handover when Paul joins us in August."
In accordance with the Listing Rules, HSS confirms that there are no additional matters that would require disclosure under LR 9.6.13 R (1) to (6) and Paul has no direct beneficial interests in HSS ordinary shares of £0.01 each.
For further information, please contact:
HSS Hire Group plc | Tel: 020 7638 9571 (on 25 May 2016) |
John Gill, Chief Executive Officer | Thereafter: 020 8260 3343 |
Robert Halls, Group Investor Relations Manager |
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Citigate Dewe Rogerson | Tel: 020 7638 9571 |
Kevin Smith |
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Nick Hayns |
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Note to editors
HSS Hire Group plc provides tool and equipment hire and related services in the UK and Ireland through a nationwide network of over 320 locations. Focusing primarily on the maintain and operate segments of the market, over 90% of its revenues come from business customers. HSS is listed on the Main Market of the London Stock Exchange. For more information please see www.hsshiregroup.com.