13.02.2018

New CEO for AFI

UK sale and rental group AFI has promoted David McNicholas to group chief executive.

He joined the company in 2006 as group finance director, becoming group chief operating officer in 2012. Prior to joining AFI he worked with Deloitte UK for 11 years as corporate finance director, which brought him into contact with AFI in 2001, when he helped the business raise development capital funds. He was also involved with subsequent buyout in 2006. See Barclays Private Equity buys into AFI
AFI has grown steadily over the years, both organically and via acquisitions and now runs a fleet of more than 7,000 machines in the UK and Middle East., mostly aerial work platforms, with revenues approaching £100 million, a 20 percent increase on 2016.
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David McNicholas

McNicholas added: “I am delighted to take this role at AFI at what is a significant point in the company’s growth story. Having been with AFI for 11 years, I am delighted to be given the opportunity to lead such a great team. We have built a strong business that has emerged in the sector as a leading player and we are in a unique position to grow our market share. We will continue our strategy of growth through both organic growth and acquisitions and I look forward to another strong year ahead.”

Chairman David Shipman said: “I am delighted to promote David McNicholas to chief executive. He has been a key part of the AFI team for more than 11 years and there is no one better suited to this role.”