New Non-Executive Director for Ashtead Technology
January 16, 2009
ABERDEEN, SCOTLAND – Ashtead Technology is pleased to announce that Derek Shepherd has joined the board as a non-executive director. The appointment of Derek Shepherd brings a wealth of additional asset rental experience to the Ashtead Technology board. Derek is a main board director of Aggreko plc. For the last 10 years, Derek has been managing director of Aggreko International, one of the key drivers of Aggreko’s recent growth. Under Derek’s leadership, its revenues have grown from £35m to £500m.
Brian Long, chairman of Ashtead Technology, says, “Derek Shepherd’s appointment to our board is marvellous news for the company. We are greatly looking forward to Derek’s input and are confident that his extensive international asset rental experience will add enormous value to Ashtead Technology.”
Derek Shepherd adds, "I am delighted to be invited to join the board of Ashtead Technology and to be working with the team to help them achieve their global ambitions"
This appointment forms the latest addition to the board since Ashtead Technology was acquired in June 2008 by Phoenix Equity Partners in a £95.6m MBO. Headquartered in Aberdeen, Ashtead Technology rents specialized equipment to the offshore oil and gas sector and the environmental monitoring and testing industry and operates from 14 locations in the United Kingdom, North America and Singapore. The applications for its wide range of rental equipment include subsea positioning, sea bed mapping, environmental monitoring, nondestructive testing and remote visual inspection.