ELCO Eleco Public Limited Company

TIDMELCO

RNS Number : 8841Q

Eleco PLC

23 October 2023

23 October 2023

Eleco Plc

("Eleco" or the "Company")

Directorate Change

Further to the announcement on 5 May 2023, the Board of Eleco plc (AIM: ELCO), the AIM-listed specialist software provider for the built environment , announces that it has completed a full and broad recruitment process for the role of Non-Executive Chair, with the support of an independent executive search agency.

As a result of this process, the Board is pleased to announce that Mark Castle, who was acting as Interim Chair, has been appointed as the permanent Chair of the Board with immediate effect. Mark who joined the industry as an apprentice in 1981, is currently a Non-Executive Director at FTSE 100 housebuilder, Taylor Wimpey and also a Non-Executive Director at Mace Group, the global consulting and construction group. He also chairs the private equity funded business, Triangle Fire Group.

The recruitment process for additional independent Non-Executive Directors will continue, and a further announcement will be made in due course.

Commenting, Mark Castle said:

"I am delighted to have been appointed as Chair of Eleco plc. Having worked with the Board over the last two years through its successful SaaS transition, the business is well placed to deliver on its expansion plans via both M&A and organic growth"

Commenting, Jonathan Hunter, Chief Executive Officer said:

" Despite having a field of strong candidates in the recruitment process, the in-depth knowledge of the built environment and wider industry which Mark brings with him are simply unparalleled. He has proven himself to be an excellent Chair of the Board over the last five months and his expertise will be invaluable as Eleco seeks to expand its market presence and strengthen customer relationships."

For further information, please contact:

 
Eleco plc                                                     +44 (0)20 7422 8000 
Jonathan Hunter, Chief Executive Officer 
Neil Pritchard, Chief Financial Officer 
 
Cavendish Capital Markets Limited                             +44 (0)20 7220 0500 
Geoff Nash/ Emily Watts/ Seamus Fricker (Corporate Finance) 
Charlotte Sutcliffe / Harriet Ward (ECM) 
 

About Eleco plc

Eleco plc is an AIM-listed (AIM: ELCO) specialist international provider of software and related services to the built environment through its operating brands Elecosoft, BestOutcome and Veeuze from centres of excellence in the UK, Sweden, Germany, the Netherlands and the US.

The Company's software solutions are trusted by international customers and used throughout the building lifecycle from early planning and design stages to construction, interior fit out, asset management and facilities management to support project management, estimation, visualisation, Building Information Modelling (BIM) and property management.

For further information please visit www.eleco.com .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOAMZMZGLZNGFZM

(END) Dow Jones Newswires

October 23, 2023 02:04 ET (06:04 GMT)

Eleco Public (LSE:ELCO)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024

Eleco Public (LSE:ELCO)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024