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1 Aug 2022 07:00
Speedy Hire Plc ("Speedy", "the Company" or "the Group")
1 August 2022
Chief Executive appointment
On 11 May 2022 Speedy announced that, after seven years with the Company, Russell Down would be retiring as Chief Executive. On conclusion of a rigorous recruitment process for his successor that considered both internal and high quality external candidates, led by the Nomination Committee with the support of external consultants, the Board is pleased to announce that Dan Evans will join the Board as Chief Executive with effect from 1 October 2022.
Dan Evans is currently Chief Operating Officer and has been with Speedy for 14 years. In his current role Dan is responsible for the Group's operational performance in the UK and Ireland including sales, business development and marketing.
Russell Down will step down from the Board and his role as Chief Executive on 30 September 2022. In accordance with his contractual term he will remain employed by Speedy until 10 May 2023 ensuring an effective transition.
David Shearer, Chairman, said:
"I am pleased that after a thorough recruitment process supported by external consultants that Dan Evans has been appointed as Chief Executive. Dan knows our customers and the business well, has performed exceptionally as Chief Operating Officer, and has been integral to the development of our strategy with Russell and the Board. I look forward to working closely with Dan on the continuing execution of this growth strategy.
I would like to thank Russell once again for his significant contribution as Chief Executive and wish him well for the future."
This announcement is made pursuant to the Company's obligations under Listing Rule 9.6.11.
There is no further information to be disclosed under Listing Rule 9.6.13R.
Enquiries:
Speedy Hire Plc David Shearer, Chairman
| Tel: 01942 720 000 |
MHP Communications Oliver Hughes Andrew Jaques | Tel: 0203 128 8147 |
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 ISO50001, ISO9001, ISO14001, ISO17020, ISO27001 and OHSAS18001. The Group operates from c.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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