Directorate Change
Non-Executive Director Joe Connolly stepped down from the Board following Buckthorn Partners' full exit from investment.
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Ashtead Technology Holdings plc (AIM: AT.), a leading subsea equipment rental and solutions provider for the global offshore energy sector, announces that Joe Connolly has stepped down from his position as a Non-Executive Director ("NED") of the Group with effect from Monday 18th December 2023.
Joe joined the Board of Ashtead Technology in 2016 when Buckthorn Partners LLP ("Buckthorn Partners") acquired the business and remained on the Board following the Company's IPO on AIM in 2021. Following Buckthorn Partners' full exit from its investment in Ashtead Technology earlier this year, Joe has now stepped down to focus on other Buckthorn Partners' investments.
The Board would like to express its sincere thanks to Joe for his significant contribution during his long tenure at the Company, both in the years before and following its IPO.
The Group has commenced the search for a new NED and will provide an update in due course.
Allan Pirie, Ashtead Technology's CEO, commented:
"We are grateful to Joe for his commitment to Ashtead Technology throughout what has been a pivotal period in the Company's development. Joe's contribution to the Board over the past 7 years has been hugely valuable and we wish him all the best in his future endeavours."
| Ashtead Technology Allan Pirie, Chief Executive Officer Ingrid Stewart, Chief Financial Officer | (Via Vigo Consulting) |
| Vigo Consulting (financial PR) Patrick d'Ancona Finlay Thomson Verity Snow | Tel: +44 (0)20 7390 0230 ashteadtechnology@vigoconsulting.com |
| Numis Securities Limited (Nomad and Broker) Julian Cater George Price Jonny Abbott Kevin Cruickshank (QE) | Tel: +44 (0)20 7260 1000 |
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