Kevin Parkes, CEO of Hewden, one of the United Kingdom’s largest equipment rental companies, plans to step down by Jan. 31, the company said. Parkes, a former director at Finning U.K., took over the reins at Hewden in 2009 and continued to lead the business after its sale to private equity company Sun European Partners.
During his time at Hewden, the company launched its Core Fleet brand, a next-day guarantee service proposition for general rental and access products. The positive market response led to further successful launches of both an accommodation and crane version, the company said.
“Through challenging times we have radically reorganized and rebuilt the business, relentlessly executing our strategy so Hewden is best placed to take advantage of the recovering market,” said Parkes. “I wish Hewden well as they transition in time to a new leader, a process I will fully support over the coming months.”
“[Parkes] made a strong contribution to the development and success of the company and was widely respected by his peer group, customers and colleagues,” Hewden said in a statement. “We wish him every success in his future career.”
Hewden is based in Manchester, U.K.