Essex Rental Names President, CEO
March 18, 2014 - Essex Rental Corp.'s board of directors has appointed Nicholas Matthews as its president and CEO. He will also serve as director on Essex's board. Previously, he was the company's chief operating officer.
Since joining Essex approximately nine months ago, Matthews has led a number of long-term key strategic initiatives to strengthen the company and enhance value for all Essex stakeholders including:
- Spearheading the decision to sell surplus equipment through the sealed bid auction sale process;
- Refining the company’s go to market strategy relating to its parts and service segment;
- Designing operational improvements focused on increasing utilization;
- Leading an initiative aimed at improving the company’s quality; and
- Developing a more customer centric service oriented culture throughout the company.
Laurence Levy, chairman of the board, said, "After an extensive search, we are confident that Nick is the right individual to lead the company, given his proven experience at Essex and his keen focus on driving return on invested capital that he gained from his prior executive positions."
Matthews said that in this position, he will be focused on operational excellence and financial discipline in order to reposition the company for success. "I am committed to driving success for the company by diversifying our products and services, repositioning the fleet by divesting underutilized rental assets and creating a differentiated value proposition for our customers," he added. "I am confident that we will create long-term value for our shareholders, employees and other stakeholders."
