20CA Arqiva 4.04%

TIDM20CA

RNS Number : 1125K

Arqiva Financing PLC

20 April 2020

Arqiva announces the appointment of

Paul Donovan as Chief Executive Officer

UK, London, 20 April 2020:

Arqiva Group Ltd is pleased to announce that Paul Donovan has been appointed Chief Executive Officer with immediate effect. Paul Donovan has over twenty years' experience in senior executive roles across the technology, media and telecommunications sectors. He is currently non-executive Director on Arqiva's Board and has previously been CEO of Odeon and UCI Cinemas Group and, before that, CEO of eir, Ireland's leading telecommunications business. He was also a member of the Group's Executive Committee at Vodafone where he led the Group's emerging markets businesses.

Paul Donovan succeeds Simon Beresford-Wylie who has been Chief Executive Officer since August 2015. During Simon Beresford-Wylie's tenure as CEO he has simplified the business and successfully driven year on year improvement in both revenue (four year CAGR of 3.9% to GBP999.5m last financial year) and EBITDA (CAGR of 5.9% to GBP526.4m in 2019).

Paul Donovan's appointment is with immediate effect. He will work with Simon Beresford-Wylie over the coming months to ensure a smooth and orderly transition. Simon will formally leave Arqiva on the 30 June 2020.

Commenting on the appointment, Mike Parton, Chairman of Arqiva said

"On behalf of the Board I would like to thank Simon for his outstanding contribution over the last five years. Under his leadership we have seen a considerable improvement in the Company's financial performance, employee engagement and customer satisfaction.

I am pleased to be able to confirm Paul Donovan's appointment. Paul already has significant Arqiva experience having worked with the business since 2017. His industry background and his demonstrable management and leadership strength will be invaluable for the next phase of Arqiva's evolution.

On behalf of the Board, and all of my colleagues in the business, I would like to congratulate Paul on his appointment and look forward to working with him in his new role."

Paul Donovan, said

"I'm delighted to be assuming the role of CEO at such a pivotal time. If anything, the current crisis has shown the importance of staying connected through news, entertainment and communication and has really underlined the important service that my colleagues at Arqiva provide. Once the proposed sale of our telecoms business completes, we will start a new chapter where our concentrated focus will be on providing the best possible connectivity to our broadcast and utilities customers.

- ENDS -

About Arqiva :

Arqiva is a leading UK communications infrastructure and media services provider dedicated to connecting people and devices wherever they are through the delivery of TV, radio, mobile and machine-to-machine data services.

We are an independent provider of telecom towers, with circa 8,000 active sites across Great Britain, and are also the only supplier of national terrestrial television and radio broadcasting services in the UK. Our advanced networks support the exponential growth of connected devices and the ever-increasing demand for data from smartphones to tablets, connected TVs, smart meters and in the future potentially cars and medical devices.

Customers include major UK and international broadcasters such as the BBC, ITV, Sky Plc., Turner Broadcasting, the independent radio groups, major telco providers - including the UK's four mobile network operators - and energy and water companies.

For more information, news and insights from Arqiva, please visit the website at: www.arqiva.com

For more information contact :

FTI Consulting for Arqiva

Adam Davidson

Adam.davidson@fticonsulting.com

+44 (0)7793 845080

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END

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April 20, 2020 02:00 ET (06:00 GMT)

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