Speedy Hire appoints new boss, Mark Rogerson, a former Serco exec.

Speedy Hire’s long serving Chief Executive has stepped down after discovery of accounting  irregularities  in the overseas operations.

But Mr Corcoran also led the ill-timed acquisition of Hewden Tools for £115m in 2007, which led to a series of rights issues and left the group carrying a net debt equal to three times earnings before interest, tax, depreciation and amortisation in the deepest downturn in construction in decades.