---
title: "Ashtead CFO Michael Pratt Steps Down; Alex Pease To Succeed"
description: "Ashtead Group Plc announced that CFO Michael Pratt will step down on February 28, with Alex Pease succeeding him on March 1. Pratt, who announced his retirement on September 3, 2024, will assist in th"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/227898791.md"
published_at: "2025-02-11T13:37:00.000Z"
---

# Ashtead CFO Michael Pratt Steps Down; Alex Pease To Succeed

> Ashtead Group Plc announced that CFO Michael Pratt will step down on February 28, with Alex Pease succeeding him on March 1. Pratt, who announced his retirement on September 3, 2024, will assist in the transition until his retirement in September 2025. Pease has been collaborating with Pratt since joining in October 2024. Ashtead's shares are currently up 0.67% at $5108 on the London Stock Exchange.

Ashtead Group Plc. (AHT.L), an industrial equipment rental company, on Tuesday announced that its Director and CFO Michael Pratt will step down, effective February 28. Alex Pease will take over as CFO on March 1.

Michael Pratt had announced his retirement on September 3, 2024,

Since joining in October 2024, Alex has been working closely with Michael to ensure a smooth transition.

Michael will remain available to support the business until his retirement in September 2025.

Alex will not be appointed as a director, Ashtead noted.

Ashtead is currently trading by 0.67% higher at $5108 on the London Stock Exchange.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.