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20 Apr 2016 07:00
20 April 2016
HSS Hire Group plc
("HSS" or the "Company")
Directorate Changes
HSS announces that after seven years with the Group, Steve Trowbridge, Chief Financial Officer, is today stepping down from the Board to pursue new opportunities. HSS is pleased to announce that Steve Bailey will become Interim Chief Financial Officer. In this role, Steve Bailey will join the HSS Executive Committee and will attend Board meetings, but will not be appointed as an Executive Director of the Board. Steve Trowbridge will remain with the Company to effect an orderly handover of responsibilities to Steve Bailey.
Steve Bailey, 53, has over 30 years' experience working in, and leading, finance teams, having started his career with Coopers and Lybrand where he qualified in 1987. Mr Bailey held the position of Finance Director for The Co-Operative Food Group from 2011 to 2015 and prior to that was CFO at HJ Heinz Company Limited and Guoman & Thistle Hotels.
HSS also announces that Neil Sachdev, Non-Executive Director and Deputy Chairman, has informed the Board that due to increasing time commitments in other roles, he does not intend to stand for re-election at the Company's AGM on 15 June 2016 and will leave the Board on that date.
The Board will appoint a permanent Chief Financial Officer in due course.
Alan Peterson, Chairman, commented: "I am pleased to welcome Steve Bailey to HSS and believe that his extensive business and operational experience will be valuable to the Group.
"I would like to thank Steve Trowbridge for the significant contribution he has made to the Group over the last seven years and we wish him every success in the future.
"I would also like to thank Neil Sachdev and wish him well in his other roles."
Section 430(2B) Companies Act 2006 statements in respect of Steve Trowbridge and Neil Sachdev will be made available today on HSS's corporate website (www.hsshiregroup.com).
For further information, please contact:
HSS Hire Group plc | Tel: 020 7638 9571 (on 20 April 2016) |
John Gill, Chief Executive Officer Robert Halls, Investor Relations Manager | Thereafter: 020 8260 3343 |
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Citigate Dewe Rogerson | Tel: 020 7638 9571 |
Simon Rigby |
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Kevin Smith |
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Nick Hayns |
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Notes 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 300 locations. Focusing primarily on the maintain and operate segments of the market, over 90% of its revenues come from business customers. HSS Hire Group plc is listed on the Main Market of the London Stock Exchange. For more information please see www.hsshiregroup.com.
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