Mark Rowsthorn rises from McAleese ashes as CEO of Rivet

Collapsed transport group McAleese has emerged from administration and has been renamed Rivet with chief executive Mark Rowsthorn staying at the helm after equity holders were wiped out.

Rivet will specialise in mining, energy and aviation fuelling services after retaining McAleese's profitable businesses and most of its employees following the transport group's restructuring in late December.