Speedy Hire, one of the most reputable tool hire businesses in the country, has this week announced that they have welcomed a new Chairman, David Shearer. Shearer will succeed Jan Åstrand as Chairman as of October 1st 2018, already telling of his big plans for his new role.
A new chapter in the Speedy Hire story
While having experienced a rocky few years when it comes to profits, it does appear that this appointment coincides with news of more successful trading. According to reports, the first quarter of the year brought flourishing times for the business, seeing hire revenue and services revenues up by 5.5% and 8.4%, respectively.
Boasting healthier books, the company feels now is the right time to make some changes to the board, starting with Shearer.
Commenting on the appointment Jan Åstrand said:
“I am pleased to welcome David to the role of chairman.
“He is a valued member of Speedy’s board, with considerable external experience.
“I am confident in his ability to lead the board in building on the solid foundation established during Speedy’s recovery and helping achieve the next stage of its growth.”
Just a pleased with his appointment was Mr Shearer himself. Following the announcement, he said:
“I am delighted to be taking over from Jan as chairman of Speedy as we embark on the next phase of delivering the company’s growth strategy and look forward to working with Russell Down and the board in the years ahead.
“On behalf of the board, I would like to offer thanks to Jan for guiding Speedy through the last four years and wish him well for the future.”
2018: A defining year for Speedy Hire
With sales on track to exceed targets set, and with a recent £15.2m investment in new equipment, 2018 is set to be a defining year for the tool hire brand. Let us know what you think on this subject by leaving your thoughts and opinion below.