New Chief Exec takes over at Speedy

Grant Prior 8 years ago
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Mark Rogerson has been appointed as the new Chief Executive of Speedy Hire.

He takes over from Steve Corcoran who stepped down following the discovery of a £5m black hole in the accounts of the company’s International Division.

Rogerson was previously Chief Operating Officer of the Group, having been appointed to the Board in December 2013.

He joined Speedy last year from Costain where he was Managing Director of the Natural Resources division.

Speedy chairman Ishbel Macpherson, Chairman, said: “The Board and I are delighted that someone of Mark’s calibre and drive has taken up the challenge to lead Speedy at this exciting point in its development.

“We look forward to working with him. On behalf of the Board I would also like to acknowledge Steve’s significant contribution to Speedy over 25 years.

“Steve has been at the forefront in the transformation of Speedy and I would like to personally thank him for his commitment and leadership and wish him well in his future career.”

Rogerson said: “I am very excited to have been offered the opportunity to lead Speedy at a time when our nation’s economy and growth are recovering.

“Speedy’s breadth of assets, depth of capabilities and the passion of our people will enable us to differentiate our service offering, and I very much look forward to working with our customers to ensure we deliver exceptional outcomes for them.”

Accountants Deloitte are currently carrying out a ‘forensic’ style independent investigation into the accounts of Speedy.

Problems with the accounts came to light following recent management changes at the International Division, which accounts for 5% of group revenue.

The finance director of the International Division has also been suspended and other senior divisional management are the subject of further investigation.

 

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