Vp plc
('Vp',
the 'Group' or the 'Company')
Appointment of Non-Executive
Director
Vp plc, the equipment rental
specialist, announces the appointment of Richard Smith as a
Non-Executive Director to the Board of the Company with effect from
1 February 2025.
Richard Smith will succeed Phil
White who, after over ten years with the Group, advised of his
intention to retire and step down from the Board on 30 June 2025,
as stated in Vp's Interim Results announced in November
2024.
To ensure an orderly transition,
Richard will be appointed prior to Phil's retirement and will then
succeed Phil's membership of Vp's Remuneration, Audit and
Nomination Committees on 1 July 2025.
Richard Smith biography
Richard is an experienced FTSE100
Chief Executive.
Between 2016 and 2023, he led Unite
Group plc, the UK's largest owner, manager and developer of
purpose-built student accommodation having originally joined the
business in 2010. During his tenure as CEO, Richard drove
substantial growth at Unite which led to it entering the FTSE 100
Index in 2022. Richard remained with Unite in an advisory capacity
until early October 2024.
Prior to his time at Unite, Richard
was at National Express Group plc in a number of roles, including
Chief Financial Officer for North America and Group Development
Director. Richard began his career at British Rail where he held a
number of finance and operational roles.
From 2020 to 2023, Richard was a
Non-Executive Director of Industrials REIT plc, a leading real
estate investment trust specialising in UK Multi-Let Industrial
property.
Richard is currently Chair of
Southampton Solent University, a role which has allowed to him to
continue his personal focus on education and the welfare of
students.
Jeremy Pilkington, Chairman of Vp plc, said:
"I am very pleased to welcome
Richard to the Board. He brings considerable experience to Vp and
we look forward to working with him to maintain the Company's
robust stewardship."
This announcement is made pursuant
to Listing Rule 6.4.6R. No other information is required to be
disclosed pursuant to Listing Rule 6.4.8R in relation to Richard's
appointment.
- Ends -
For
further information:
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Vp
plc
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Anna Bielby, Chief
Executive
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Tel: +44
(0) 1423 533 400
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Keith Winstanley, Chief Financial
Officer
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www.vpplc.com
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Media enquiries:
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Sodali & Co
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Justin Griffiths / Nick Johnson /
Amy Gibson
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Tel:
+44 (0) 2039 840 163
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vp@client.sodali.com
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Notes to Editors
Vp plc is a specialist equipment
rental business providing equipment, people, services and support
for specialist projects. It focuses on niche sectors principally in
the Infrastructure, Construction, Housebuilding and Energy markets
in the UK and overseas. Businesses include: Groundforce, TPA,
Torrent Trackside, Brandon Hire Station, ESS, MEP Hire, CPH, UK
Forks, Airpac Rentals and Tech Rentals.
