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APR Energy CFO steps down as company posts rise in sales

TEMPORARY POWER solutions specialist APR Energy said its CFO is to step down at the same time as it reported a steep rise in sales.

Chief financial officer Rick Greene has stepped down from his role and will leave the company on 30 September, 2012 in order to pursue other interests, APR said.

Martinez, currently APR’s vice president of finance, is appointed CFO with immediate effect.

Martinez joined APR in October 2011. He is a member of the ICAEW and has held various global financial leadership positions with Cendant Corporation and its subsidiaries, as well as with PwC and Ernst & Young.

“His experience and skills are a perfect fit for our organisation and the work he has done with us has been outstanding. Andrew has been instrumental in successfully implementing a number of key financial reforms within the group over the past six months,” Michael Fairey, chairman of APR.

In a separate announcement, APR said first half revenue increased to $155m (£98m) from $10.9m with earnings before interest, tax, depreciation and amortisation up 237% at $96.1m.

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