The annoucement follows a transitional period since in March this year.

Pedro Torres will leave Riwal in April next year. (Photo: Riwal).

The company said Torres has spent that time securing the future of Riwal as part of Boels, ensuring it is in a strong position for future growth. He will formally leave the company on 1 April, 鈥渢o embark on a new chapter,鈥� of his career. 

Lars Reehorst will take over from Torres as Managing Director of Riwal and Manlift, the company鈥檚 India and Middle East-based subsidiary, at the beginning of January.

Reehorst has worked at Riwal for 10 years in multiple countries and positions and is currently leading the fast growing Special Rental division at Boels.

Strong leadership

In the 12 years Torres has been at Riwal, he has been instrumental in the transformation of its organisational structure, said the company, and under his leadership it has become one of the 15 largest rental companies worldwide in the access industry.

Lars Reehorst

鈥淚n the period following the acquisition, Torres has guided the company through changes crucial for the integration, preserving Riwal鈥檚 legacy while supporting its future growth,鈥� said the company. 

Pierre Boels, CEO of Boels Rental, added, 鈥淧edro is an outstanding leader, serving the company with remarkable commitment and unwavering passion. His departure marks the end of a significant chapter in the history of Riwal.

鈥淚 am deeply appreciative of his contributions and wish him every success in his future endeavors.鈥�

Torress said leading Riwal had been a privilege and an honor. 鈥淚 am confident that the company is in good hands now. We find ourselves in a transition period, where I鈥檓 using my expertise and leadership to stimulate the joining of forces between Boels and Riwal. After that, I will continue my professional journey elsewhere. It is with pride that I look back upon our joint achievements and my time at Riwal.鈥�

Pedro Torres on the Riwal-Boels deal Riwal CEO spoke to IRN at the IPAF Summit & IAPA awards