BusinessCompany NewsPeak Group CFO nets millions in sale

Peak Group CFO nets millions in sale

Group sold for £26m

Gordon Angus, the chief financial officer of drilling services company, the
Peak Group, will share more than £12m with managing director Bob Lyons after the
company was sold to Ability Group for £26m

The majority of the money was scooped by Andrew Paterson, the Aberdeen-based
chief executive of the Peak Group, who has a 53% share in the company, but the
remaining money will go to Angus and Lyons.

Peak and Angus set up the company in 1997 and grew the business from just a
handful of contracts and a few thousand pounds to more than 90 staff, operations
throughout the world and turnover of £25m by 2005.

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