Former Visions managing director Martin Anderson has been appointed chairman of Presteigne Broadcast Hire.

As well as spending 15 years at the helm of Visions, Anderson was a director of The Television Corporation (TTC).

In his new role Anderson will be tasked with guiding what has been described as an “aggressive investment and development programme.”

Presteigne chief executive Mike Ransome, who led a recent management buyout of the dry hire and production equipment provider from Avesco, said: “Martin possesses the perfect business and financial acumen and industry experience that Presteigne needs to guide the company in this exciting new chapter in its history.

“His business and financial leadership success, particularly in regard to privately owned firms, is proven and impressive, which will strengthen the relationship with our investors and ultimately benefit our customers and suppliers worldwide.”

The role of chairman of Presteigne was previously held by Avesco founder Richard Murray.

Anderson initiated and managed TTC’s sale of Visions to NEP in 2005. He then managed NEP’s business interests in the UK until 2010 and subsequently became a consultant.

Anderson added: “The accelerating move to 4K and associated new technologies and delivery platforms present excellent business opportunities for dry hire companies.

“There is an understandable reluctance by many broadcasters and service providers to make major new technology investments in the early stages where the utilisation can be low and economically difficult to justify.

“By contrast, Presteigne, as the UK’s leading dry hire company, is already perfectly positioned to fill that gap. Very soon it will be able to provide even more.

“We have an aggressive investment and development programme in place that will continue to evolve as we exploit the vast opportunities that Presteigne has not only earned by virtue of its quality of service to date, but will soon be able to develop as a result of its independent nature. It is a profoundly exciting time for our management team, staff, and customers.”