Cordel Group PLC CEO Announcement (1409X)
24 Abril 2023 - 1:00AM
UK Regulatory
TIDMCRDL
RNS Number : 1409X
Cordel Group PLC
24 April 2023
24 April 2023
Cordel Group PLC
("Cordel" or the "Company" or the "Group")
CEO Announcement
Cordel Group PLC (AIM: CRDL), the Artificial Intelligence
platform for transport corridor analytics, announces the
appointment of Mr John Davis as Chief Executive Officer, effective
immediately.
Mr Davis has been a non-executive director of the Company since
2018 and has served as Interim CEO since 1 March 2023.
Ian Buddery, Chairman of the Board, said:
"We are delighted that John applied for the permanent CEO
position, as part of our search process. He was clearly the best
qualified and equipped candidate, bringing extensive executive
managerial experience and deep knowledge of our market, technology
and business."
John Davis, CEO, said:
"I am excited to be appointed as CEO at this pivotal point in
the Company's journey. The recent win with Amtrak in the USA, deep
engagement with existing customers and growing sales pipeline give
me confidence in not only our near-term operating results, but also
the future growth opportunity. We have a highly skilled and
committed team and I am honoured to be leading them, to deliver
value for all of our stakeholders."
Enquiries:
Cordel Group PLC c/o Zeus Capital
Ian Buddery, Chairman
John Davis, CEO
Zeus Capital Limited Broker + 44 (0)20 3829 5000
Simon Johnson / Alexandra Campbell-Harris
Strand Hanson Limited Nominated Adviser
Richard Johnson / James Bellman +44 (0)20 7409 3494
About Cordel
Cordel produces specialist hardware and software for capturing,
analysing and reporting on large datasets within the transport
sector, employing sophisticated artificial intelligence algorithms.
Further information on the Company is available at:
www.cordel.ai
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END
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