Speedy Hire directorate change

Speedy plc has announce that Bob Contreras, Chief Executive of Northgate plc, has agreed to join the Board as a non-executive Director with effect from 23 December 2015. Northgate plc is a leading light commercial vehicle hire business in both the UK and Spain. He has also been appointed Chairman of the Audit Committee and will join the Nomination and Remuneration Committees.

Contreras joined Northgate, a FTSE-250 company, as Finance Director in June 2008 and was appointed Chief Executive in June 2010 since when he has overseen a successful restructuring and turnaround of the business.

Prior to his appointment at Northgate, Contreras was Managing Director of the Surgical Division of Mölnlycke Health Care Group, a world-leading manufacturer of products and services for the professional healthcare sector. He was also previously Chief Executive and Finance Director of private equity backed Damovo Group S.A., and Group Finance Director of Azlan Group plc.

Jan Åstrand, Chairman of Speedy plc, commented:

“We are delighted that Bob, with his extensive asset rental and sector background, is joining the Board.

We have previously stated that Speedy remains a fundamentally good business which, in a more lean, efficient and customer-focussed form, has the potential to once again deliver sustainable profitable growth.

Bob will bring hugely relevant and valuable experience to the business at a critical stage in its turnaround programme and we welcome him to Speedy.”