Perwyn-backed Lowe Corporation, the refrigeration, commercial catering, and kitchen rental company, has appointed Rachel McCausland as its CEO. Rachel has been with Lowe since 2008, most recently serving as the company’s award-winning Chief Commercial Officer.
Andrew Wynn, Perwyn Founder and Managing Partner, commented: “In her new role, Rachel will set about bringing on the next exciting phase of growth at Lowe, focusing on expanding the company’s resilient rental service lines, building out the world class teams that run them, and guiding the business successfully into the climate tech industry.
“We are also delighted that Lowe’s outgoing CEO, Rodney Lowry, will remain with the company as its Executive Chairman. During his stewardship, Lowe grew its turnover from $10m in 2010 to over $100m forecasted in 2022, and we look forward to the vital strategic direction that he provides.”
During her career at Lowe, Rachel has helped to shape the business into a recognised innovator within the equipment rental sector. In recent times, Rachel has driven the expansion of Lowe’s portfolio of services through several key acquisitions, such as the award-winning kitchen infrastructure expert PKL, renowned UK refrigeration design consultants Abbey Design Associates, and Spherica Systems an IOT (Internet of Things) environmental technology platform business.
Rachel McCausland, incoming CEO of Lowe Corporation, said: “I am incredibly honoured to take on the role of CEO and feel privileged to continue my tenure on the Lowe board and to lead my talented colleagues through the next chapter of Lowe’s growth.
“I am also looking forward to working closely with our two new appointments, Neil Gamble (CFO) and Fergus McIlduff (CTO), as their experience further bolsters our senior management team and demonstrates a particular drive for digital transformation within the business.”
Neil Gamble joined Lowe in March 2022 as the company’s new CFO with a wealth of experience in strategic finance and in dealing with large-scale public and private equity backed businesses. Neil’s experience will be invaluable in this challenging role, as Lowe positions itself internationally for its growth phase.
In February 2022, Fergus McIlduff joined Lowe as Chief Transformation Officer, a newly created role within the company. Fergus is a qualified chartered accountant with several years of experience within the tech space and will be responsible for the company-wide operational technology function.