Speedy hire CFO James Bunn to step down

Tool hire company Speedy Hire said on Thursday that chief financial officer James Bunn has tendered his resignation to pursue an opportunity in an unrelated sector.

Bunn will step down on 1 November and Speedy said it has appointed an external head hunter to start the process to find a permanent successor.

In the interim, Paul Rayner will assume the role of CFO for up to a year, allowing time for the board to complete the recruitment process. Rayner is a Fellow of The Institute of Chartered Accountants with over 25 years' experience in senior financial roles, including interim and permanent roles respectively on the main boards of FTSE-listed companies Avon Protection and Chemring.

Speedy also said on Thursday that trading in the first half of the year has been in line with its expectations.

Chairman David Shearer said: "On behalf of the board, I would like to thank James for his contribution at Speedy and wish him well in his new role.

"I am pleased to welcome Paul Rayner as interim CFO, which will allow the board time to conduct a thorough process to find a successor to work with CEO Dan Evans as he drives forward Speedy's growth strategy."