Partner Article

Boardroom shuffle at Northgate

VEHICLE hire giant Northgate has appointed a new chief executive while the man who had been tipped to take the role has left the firm.

The Darlington company has promoted Bob Contreras from his position as group finance director into the CEO berth.

Meanwhile deputy chief executive Paul Tallentire has left the business with immediate effect, with the company stating that he “has decided that his future lies outside the group.

Mr Contreras joined Northgate in June 2008 and made a significant contribution to the group’s debt refinancing and Placing and Rights Issue in 2009.

He held a number of senior management positions prior to joining Northgate and will focus on implementing a fundamental reorganisation of the UK business.

The UK and Spanish businesses will continue to concentrate on maximising return on capital employed, our key performance measure.

Chairman Bob Mackenzie said: “I wish to thank Paul on behalf of the Board for his contribution to the Group since November 2008. He has been instrumental in focusing the business on hire rate improvement and efficient fleet management which positions us well for future profitable growth.

“An announcement in relation to the appointment of a new Group Finance Director will be made in due course.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .