HSS Hire, the largest tool hire firm in Britain, have announced that they are on the look out for a new Chief Executive. Their current CE, John Gill, recently announced his departure, seeing the share price of the firm experience a gentle hammering. Instilling uncertainty in investors, the firm feel that the share price will rise once a new Chief executive come son board and is settled in.
Having been at the firm for eight years, Gill leaves pretty big boots to fill, said to only officially leave his role once a successor has been found.
Floating on the London Stock Exchange back in 2015, HSS Hire have experienced some negative times, with fluctuating share price, today dropping as low as 62.4p.
HSS chairman Alan Peterson said:
John has made an important contribution to the development of the business since joining HSS in 2009. As CEO from September 2015 he has led the company through a period of significant change as we implemented our new operating model.
With this work now largely complete, the focus shifts to driving sales growth through the new network and the board believes it is the right time to look outside the business for a new CEO who can lead this next phase of our recovery.
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