26.08.2010

Bardonaro steps down at AmQuip

Frank Bardonaro the chief executive of US crane rental company AmQuip has resigned his position effective immediately.

He will retain a relationship with the company as a shareholder and as a non-executive director. Bardonaro was promoted from chief operating officer to chief executive last October.
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Frank Bardonaro

Richard Bard, AmQuip’s chairman and chief executive of Bard Capital Group, an investor in the Company, said: “It will be “business as usual at AmQuip, All issues previously directed to Frank Bardonaro will be handled by chief operating officer Al Bove, who joined AmQuip last December.”

Yuki Narula, a director of AmQuip and representative of Altpoint Capital Partners, the largest shareholder in the business added: “We thank Frank for taking us through this transition since our acquisition in 2007. Our board is committed to providing the resources and leadership necessary to take advantage of the economic upturn over the next several years.”

Bardonaro said: “I feel good about the performance of AmQuip, our team, and the leading position AmQuip continues to have in its markets. This change will allow me to move on with my career and personal goals, knowing that Al Bove is on board to continue with senior leadership at the Company.”