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Powell assumes Hirepool reins

By Graeme Kennedy

Friday 1st August 2003

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Tenby Powell took over as managing director of equipment hire company Hirepool this week , two months after he and wife Sharon Hunter bought 24.5% of the former Owens Group business.

Chief executive of competitor Projex for seven years, Mr Powell (43) said his first priority in his new job was to expand Hirepool into a nationwide operation.

"We are the market leader in Auckland, Wellington and Hamilton," he said.

"But we need to strengthen Christchurch and get coverage in the provinces ­ and we will do that very quickly.

"Hirepool is a tremendously successful company and I take my hat off to Michael Buchowski for what he has achieved."

Hunter-Powell Investments bought into Hirepool as part of a consortium led by a JB Were private equity fund while Owens Group retains 24.5%.

"It was not my original intention to become managing director," Mr Powell said.

Mr Buchowski had held the top job for the past eight years.

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