Ashtead Group appoints Paul Walker to its Board of Directors as Chairman designate

– UK, London – Ashtead Group PLC (LSE:AHT), today announced the appointment of Paul Walker as a non-executive director and Chairman designate as of 2nd July 2018. As previously announced, Chris Cole, who has been Chairman of Ashtead since 2007 and previously a non-executive director, will retire from Ashtead at the completion of this year’s Annual General Meeting on 11 September. Paul will assume the role of Chairman on this date.

Paul is currently non-executive Chairman of Halma plc and a non-executive director of Experian plc and Sophos Group plc. He was CEO at the Sage Group plc from 1994 to 2010 and has previously served on the boards of Diageo plc and Mytravel Group plc. Paul qualified as a Chartered Accountant with Ernst & Young, having graduated from York University with an economics degree.

Geoff Drabble, Chief Executive of Ashtead, commented: “I would like to welcome Paul to the Ashtead Board and look forward to working with him on the ongoing delivery of our successful strategy to grow the Group through a combination of organic growth and acquisitions.

I would like to thank Chris for his significant contribution to the development of the Board, the Group and me personally. Chris has provided both strong leadership and wise counsel over a number of years. The success of the Ashtead Group is well chronicled but the foundation of this success was undoubtedly the calm and steadying influence Chris demonstrated in the very difficult 2008/9 recession. We wish Chris well in whatever are the next chapters in his highly successful career.”

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