AHT Ashtead Group Plc

 
TIDMAHT 
 
Ashtead Group plc 
 
7th July 2017 
 
                              Director Retirement 
 
Ashtead Group plc (the "Company") announces that Sat Dhaiwal, chief executive 
of A-Plant, will be retiring from the Company in July 2018. 
 
As part of the Company's long-term succession planning, Richard Thomas will 
succeed Sat upon his retirement next year as CEO of A-Plant. Richard joined 
A-Plant as finance director in November 2011 and has been managing director of 
its Specialist Products Division since July 2015. 
 
Sat joined A-Plant in 1993 and became CEO in 2002. In 1993, A-Plant consisted 
of 52 locations and had an annual turnover of GBP27m. The business has since 
grown to 179 locations and had an annual turnover of over GBP400m in the 2016/17 
financial year. 
 
Geoff Drabble, chief executive of Ashtead, said: "This has been well planned 
for some time. By stepping down next year, there is a 12-month handover period 
until Richard Thomas takes over. Although it isn't the time to say goodbye yet, 
myself and the Board would like to thank Sat for the tremendous job he has done 
as CEO of A-Plant and for his contribution to the growth of the company." 
 
Further enquiries: 
 
Ashtead Group plc 
 
Will Shaw 0207 726 9700 
 
 
 
END 
 

(END) Dow Jones Newswires

July 07, 2017 04:31 ET (08:31 GMT)

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