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Aggreko appoints new CEO

aggrekoJune 2, 2014 - Aggreko is pleased to announce the appointment of Chris Weston as Chief Executive Officer.


June 2, 2014
By Aggreko

Chris has extensive experience in senior leadership roles in world-class
businesses. He is currently Managing Director, International Downstream
at Centrica plc, where he is an Executive Director running the Group’s
largest division. In this role Chris is operationally responsible for
both British Gas in the UK and Direct Energy in the USA, with revenues
of £22bn, profits of £1.3bn and over 35,000 employees.

He
joined Centrica in 2001 after a successful career in the telecoms
industry, working for both Cable & Wireless and One.Tel. Before
that, Chris served in the Royal Artillery before earning a BSc in
Applied Science, as well as an MBA and PhD from Imperial College London.
 

He is expected to join Aggreko next year once he has completed his commitments at Centrica.

Angus
Cockburn, Aggreko’s Interim CEO, will continue this role.  Angus had
previously indicated to the Board that he had decided not to apply for
the role on a permanent basis and that, after 14 years at Aggreko
principally as CFO, he was keen to seek fresh challenges.  Accordingly,
he will step down from the Group later in the year.

Aggreko is
also pleased to announce that Carole Cran, currently Interim CFO, is
appointed as Chief Financial Officer and Executive Director of Aggreko
plc and will join the Board with immediate effect. Carole joined Aggreko
in 2004 and has worked closely with Angus Cockburn as Group Financial
Controller and more recently as Director of Finance.

Commenting on
the announcement, Ken Hanna, Chairman of Aggreko, said: “I am delighted
to welcome Chris to Aggreko on behalf of all the Board and the Company.
Chris brings senior experience of the energy industry and proven
leadership skills in a large international business.  He has
consistently succeeded in driving performance and growth in his career
and we believe he has the skills and vision to continue Aggreko’s growth
and lead the Group to the next level.

“In addition I would like
to thank Angus Cockburn so much for the immense contribution he has made
to Aggreko over the last 14 years. We can understand his desire to seek
a fresh challenge and wish him every success in his future career. He
has an extremely able successor in Carole Cran who has many years of
experience with the Group.”

Chris Weston said: “Aggreko is a
fascinating business and I’m very excited to be taking on this role. I
have watched and admired Aggreko’s tremendous growth over recent years
and I look forward to working with Carole and the entire management team
to develop the company further in the coming years.”