Further to the announcement made on 3 September 2024 that Michael Pratt intended to retire from the business, he will step down as a director of Ashtead and chief financial officer (CFO) of the Group on 28 February 2025 and Alex Pease will become CFO with effect from 1 March 2025. Michael and Alex have worked together closely, since Alex joined the Group in October 2024, to ensure a smooth transition of responsibilities. Michael will be available to support the business until his retirement in September 2025.
Given the Group's intention to move its primary listing to the US, in common with US practice, Alex will not be appointed as a director of Ashtead.
