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RNS Number : 6696M

Speedy Hire PLC

25 January 2021

Speedy Hire Plc

("Speedy", "the Company" or "the Group")

Director change

Speedy, the UK's leading provider of tools and equipment hire, and services to the construction, infrastructure and industrial markets, is pleased to announce the appointment of Shatish Dasani as a Non-Executive Director with effect from 1 February 2021. Shatish will also be appointed Chairman of the Audit & Risk Committee and a member of the Nomination Committee from that date.

Shatish has over 20 years' experience in senior public company finance roles across various sectors, including building materials, general industrial and business services. He is currently a Non-Executive Director and Chairman of the Audit & Risk Committee of Renew Holdings plc, the engineering services group supporting UK infrastructure. He is also a Trustee and Interim Chair of Unicef UK, the children's charity. Previously Shatish was Chief Financial Officer of Forterra plc and TT Electronics plc, and has also been alternate Non-Executive Director of Camelot Group plc and Public Member at Network Rail plc.

David Shearer, Chairman, commented:

"I am delighted to welcome Shatish to the Board. His wealth of experience across a range of sectors in senior public company finance roles will add to the Board's skillset as we implement the next stage of our growth strategy."

Shatish Dasani commented:

"I am very pleased to join the Board, and look forward to making a contribution as it continues to deliver value for the benefit of all stakeholders."

As previously announced, Bob Contreras will be stepping down as Non-Executive Director of Speedy on 17 February 2021. This will allow for a short handover period to Shatish in respect of Bob's responsibilities as Chairman of the Audit & Risk Committee.

The company confirms that there is no further information required to be disclosed pursuant to paragraph 9.6.13 of the UK Listing Rules.

Enquiries:

 
Speedy Hire Plc                 Tel: 01942 720 000 
 David Shearer, Chairman 
 Russell Down, Chief Executive 
MHP Communications              Tel: 0203 128 8778 
 Oliver Hughes 
 Andrew Jaques 
 

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 ISO27001, ISO50001, ISO9001, ISO14001 and OHSAS18001. The Group operates from over 200 fixed sites across the UK and Ireland together with a number of on-site facilities at client locations, from an international office based in Abu Dhabi and through a joint venture in Kazakhstan.

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