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Ex-Costain rail boss joins Aspin as chair

Ground engineering firm Aspin has brought in former Costain rail boss Gren Edwards as its new chairman.

The appointment of Mr Edwards comes amid an overhaul of Aspin’s senior team following its takeover by US private equity firm Sandton Capital partners in February.

Mr Edwards served as rail director at Costain for seven years up until December last year.

He was replaced by Mace’s director of highways Ian Parker.

Since leaving Costain, Mr Edwards has been working for his consulting company Edwards Global. 

Prior to this, he spent two years as chief executive of VolkerRail, which was formed following VolkerWessels’ acquisition of GrantRail. 

Aspin Group Holdings entered administration in February as part of pre-pack deal which saw its subsidiaries sold to Sandton Capital partners.

The deal saw a number of changes to the company’s management team, including the recruitment of former Defence Infrastructure Organisation chief financial officer Iain Sale as its CFO.

Other hires included Paul Oyekanmi as its commercial head, having been commercial director at Skanska, and Scott Harrison as group development director, joining from rail manufacturer SPX Flow.

Aspin’s contracts and assurance director Martin Truman was promoted to delivery director as part of the changes, while plant director Damon Marii-Metuarii was made construction director.

Lee Healey moved up to the role of technical services director and Alice Bromich became Aspin’s head of HR.

Commenting on the new team in a letter to suppliers, CFO Iain Sale wrote: “There is now a team in place with considerable turnaround experience and it is a team who can grow the business substantially.”

Aspin is currently aiming to grow turnover from £30m to £60m by 2022.

Earlier this week CN revealed that the company was looking to move its suppliers onto 60-day payment terms

Last month Network Rail announced it would mandate 28-day payment terms for tier one contractors in CP6.

CN has contacted Aspin for comment.

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