The plant hirer has engaged head hunters to find his successor, but prior to an appointment John Standen will become executive chairman and Jan Astrand, the company’s senior non-executive director, will become chief executive of the company’s continental European operations.

Mike Potts and Andy Wright will continue as chief executives of the UK and international operations respectively.

John Standen, chairman of Lavendon, said: “I would like to offer the sincere thanks of the board and the wider company to Kevin for all he has achieved in increasing the scale and quality of the business during his nine years with the group.

“Kevin has been instrumental in leading a full review of the business, and this confirms our belief that there is a strong future for the group, building on the foundations that have already been laid.

“This is reflected in our current trading performance which, as recently announced, is fully in line with the board’s expectations.”

Kevin Appleton, chief executive, said: “I have greatly enjoyed my nine years at Lavendon, during which time we have built a clear market leadership position.

“Having navigated the profound market challenges of the last two years I believe the business is well set for a successful future and that this is therefore a good point for me to pursue new challenges.”