European aerial rental giant Riwal announced CEO Pedro Torres will be stepping down from his position as of January 1. He will remain through a transition period until April 1, 2025, when he will leave the company.
Torres has worked for Riwal for 12 years and has been instrumental in the organizational transformation. During his tenure, Riwal became one of the 15 largest access rental companies in the world.
In March 2024, Riwal was acquired by Boels Rental. In the period following the acquisition, Torres has guided the company through changes crucial for the integration, preserving Riwal’s legacy while supporting its future growth.
“Pedro 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,” said Pierre Boels, CEO, Boels Rental. “I am deeply appreciative of his contributions and wish him every success in his future endeavors.”
“Leading Riwal has been both a privilege and an honor,” said Torres. “I am confident that the company is in good hands now. We find ourselves in a transition period, where I’m 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.”
Lars Reehorst will take over from Torres and will officially assume the position of managing director Riwal and Manlift as of January 1st, 2025. 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.
Riwal, established in 1968, is headquartered in Dordrecht, Netherlands. It is an international rental and sales specialist of aerial work platforms, telehandlers and forklifts. Riwal was acquired earlier this year by Europe’s second largest rental company, Boels Rentals, headquartered in Sittard, Netherlands.
