Augean announces upcoming appointment of Richard Laker to Board as Group Finance Director

Richard (aged 37) joins from Northgate plc, where he has held a number of senior finance roles since 2004, including Group Financial Controller and, most recently, UK Finance Director since May 2011. As finance director of Northgate’s £400m revenue UK and Irish business, Richard has overseen the delivery of significant efficiencies through its finance function and has been a key member of the management team during a period when the business has executed a number of operational and commercial improvements to help maintain its position as market leader in the UK B2B light commercial vehicle rental sector.

Prior to Northgate, Richard worked for PricewaterhouseCoopers LLP from 1998 until 2004, where he qualified as a Chartered Accountant in 2001.

Richard is expected to join the Group, and be appointed to the Board, prior to the announcement of the Group’s Interim Results on 23^rd September 2014. Further to the announcement of 17^th February 2014, Richard Allen will resign from the Board following the Annual General Meeting on 5^th June but will continue to support the Group as the Interim Results are prepared.

Dr Stewart Davies, Chief Executive Officer, commented: “I am delighted to welcome Richard to the Augean Board as Group Finance Director. He was selected following a detailed search process and comes with significant corporate, operational and commercial experience. The knowledge and understanding of the support services sector that Richard brings will be invaluable as the Group continues its growth through the execution of our newly developed strategy.”