Having experienced a roller coaster of a ride of the past few years, HSS Hire are now looking in great shape, this week announcing the appointment of a new Chief Executive; Steve Ashmore.
With the previous boss stepping down just 19 months into the position, Ashmore promises to be ‘at the helm’ of the hire business, officially starting with the firm on June 1st. Resigning rom his role as UK managing director of distributor Brammer, Ashmore employs a great deal of knowledge on the industry, expected to steer the firm in the right direction
After a failure to narrow losses, the previous CE, John Gill, handed in his resignation, adding another issue to the business as it failed to attract investors. Floating on the London Stock Exchange in January 2015, this new recruit is hoping to bring a flourishing future for the business.
At the time of Mr Gill’s resignation, Alan Peterson, chairman of HSS, said that the board believed “it is the right time to look outside the business for a new chief executive who can lead this next phase of our recovery”.
Mr Peterson said Mr Ashmore has “highly relevant experience and a track record of delivering results”.
“The board and I look forward to working with Steve as we leverage the new operating model to drive sales growth through our market leading distribution network,” he said.
Impacting the value of the business, the company’s share price moved following this latest announcement, rising 1.4% and showing investor confidence.