Vp PLC Board Changes (9916I)
August 11 2023 - 2:00AM
UK Regulatory
TIDMVP.
RNS Number : 9916I
Vp PLC
11 August 2023
11 August 2023
Vp plc
('Vp' or the 'Group' or the 'Company')
Board Changes
Vp plc, the equipment rental specialist, today announces that
the Group's Chief Executive, Neil Stothard, has informed the Board
of his decision to retire from the Group at the end of September
2023. Neil has been with Vp since 1997 when he joined as Group
Finance Director, later becoming Managing Director in 2004 before
transitioning to Chief Executive.
Anna Bielby, the Group's Chief Financial Officer will become
Chief Executive on 1 September 2023 and will work with Neil until
then to facilitate an orderly handover. Anna has been CFO of Vp
since 1 January 2023. Her previous roles include Interim CFO at
Lookers plc, CFO of KCOM Group PLC and a director at PwC. The Group
has commenced a CFO recruitment process and further regulatory
announcements will be made regarding this position in due course as
appropriate.
Commenting on the Board Changes, Jeremy Pilkington, Chairman of
Vp, said: " I want to record my personal thanks to Neil for his
service to the Company and me since joining Vp in 1997 as Group
Finance Director and in 2004 assuming the role of Managing Director
and subsequently Chief Executive. Working with Neil to exit the
general plant hire sector to focus on a specialist rental offering
created the platform for our continued success and growth. Neil ' s
dedication and strong leadership has been central to Vp's
prosperity and enables us to look to the future with confidence and
optimism.
My fellow directors and I would like to welcome Anna as our new
CEO. Anna has been a great addition to the Board since her
appointment as CFO in January this year and our decision to appoint
Anna as Chief Executive was an easy one. In January 2023 the Board
was strengthened with the appointments of Mark Bottomley and Stuart
Watson as non-executive directors and I believe we have the right
Board and wider team in place to continue to drive the business
forward.
" We have achieved a great deal over the years with Neil at the
helm and on behalf of everyone at Vp I want to wish him the very
best in his retirement."
- Ends -
For further information:
Vp plc Tel: +44 (0) 1423 533 400
Jeremy Pilkington, Chairman www.vpplc.com
Neil Stothard, Chief Executive
Anna Bielby, Chief Financial
Officer
Media enquiries:
Buchanan
Henry Harrison--Topham / Jamie Hooper Tel: +44 (0) 20 7466 5000
/ George Beale
Vp@buchanan.uk.com www.buchanan.uk.com
Notes to Editors
Vp plc is a specialist rental business providing products and
services to a diverse range of markets including infrastructure,
construction, housebuilding and energy markets, both in the UK and
overseas.
The Group comprises a UK and an International division:
UK
Groundforce
A market leading rental and design provider of excavation
support systems and specialist products to the water, civil
engineering and construction industries with operations in the UK,
the Republic of Ireland and mainland Europe.
Brandon Hire Station
The leading provider of tools and specialist rental products to
industry, construction and home owners across the UK.
ESS
The leading specialist provider of safety, survey,
communications and test & measurement equipment rental in the
UK.
MEP Hire
The UK's largest provider of mechanical and electrical press
fittings and low level access platforms to the construction, fit
out, mechanical and electrical markets.
Torrent Trackside
Specialist suppliers of rail infrastructure portable plant and
related trackside services to Network Rail, London Underground and
their appointed track renewal, maintenance and project
contractors.
TPA
One of Europe's largest suppliers of temporary access solutions.
Operating from bases in the UK and Germany, TPA provides portable
roadways and temporary access solutions to customers in the
transmission, construction, rail and outdoor events markets.
UK Forks
One of the UK's leading specialist hirers of telescopic
handlers. The products and services are utilised by its customers
to improve safety and productivity on construction and
housebuilding sites across the UK.
International
Airpac Rentals
An international business supporting a wide range of oil and gas
markets, servicing well test, pipeline testing, rig maintenance and
LNG markets worldwide.
TR Group
Australasia's leading technical equipment rental group providing
test and measurement, communications, calibration and audio visual
solutions in Australia, New Zealand and South East Asia.
Further information is available at www.vpplc.com/investors
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END
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