Softcat PLC Chief Financial Officer Appointment (3454I)
02 Diciembre 2022 - 1:00AM
UK Regulatory
TIDMSCT
RNS Number : 3454I
Softcat PLC
02 December 2022
2 December 2022
Softcat plc
Chief Financial Officer Appointment
The Board of Softcat plc ("Softcat", or the "Company"), a
leading UK provider of IT infrastructure technology and services,
is pleased to announce the appointment of Dr Kathryn (Katy)
Mecklenburgh as CFO.
In July of this year, the Board outlined a series of steps
designed to ensure continued, effective leadership of the Company
and orderly succession over the medium term. A key element of this
plan is the intention for the current CFO, Graham Charlton, to
become CEO of Softcat with effect from 1 August 2023. In order to
support this transition, a full internal and external search
process was initiated to identify a replacement CFO candidate. That
process has now successfully concluded.
Katy Mecklenburgh is a senior finance professional, who has held
a number of finance leadership roles across a range of industries
and blue-chip firms, including Amazon, Serco plc and Procter &
Gamble. Katy is currently Interim CFO at ASOS plc, the FTSE 250
e-commerce business. In this role, Katy has responsibility not only
for group finance and audit matters but also commercial finance and
external financial reporting. Prior to joining ASOS plc in 2021,
Katy served as Group Financial Controller at Inchcape plc, a firm
with an annual turnover of c.GBP8 billion across c.40 markets and
territories: a role she held since 2017.
CIMA qualified, Katy also holds a PhD in Respiratory Medicine
and a BSC Hons in Pharmacology, both from Edinburgh University.
Katy will join the Softcat Board by no later than mid-June 2023.
When she joins the Board, Graham Charlton will become CEO
Designate, before he becomes CEO on 1 August 2023, in line with the
planned and previously announced succession steps.
Martin Hellawell, Non-Executive Chairman said:
"We conducted an extensive, rigorous search for our new CFO and
are delighted to have found someone of Katy's calibre and mindset.
Katy's background, experience and affinity with our culture and
workforce set her apart from other candidates. She will make a
hugely valuable addition to our Board and Senior Leadership Team
and her appointment allows us to deliver on our stated goal of
ensuring the continued, effective and long-term leadership of our
company."
Graeme Watt, Chief Executive Officer said:
"I am very excited that Katy is joining us. She is a great
cultural fit and I am sure she will thrive in the Softcat
environment as well as bring a lot of expertise and experience from
other industries. She joins not only as CFO but also as a key
member of our Senior Leadership Team, and the different
perspectives she will provide will be most valuable. She has worked
for a number of technology-based companies and will have an
important contribution to make to our data and digital journey as
we take Softcat to the next level."
Katy Mecklenburgh said:
"I am delighted to be joining Softcat as they continue to
deliver their successful growth strategy. Softcat is a fantastic
company, and I am looking forward to making my own contribution to
a business with such a strong service and people orientated
culture."
Regulatory Disclosures
No details need to be disclosed under Listing Rule 9.6.13 in
relation to this appointment.
A further regulatory announcement will be made when the date
that Katy Mecklenburgh will join the Board has been confirmed.
For further information, please contact:
Softcat plc
Graeme Watt, Chief Executive Officer +44 (0)1628 403 610
Graham Charlton, Chief Financial Officer
Media Enquiries -- FTI Consulting LLP
Ed Bridges/Matt Dixon +44 (0)20 3727 1000
This announcement has been determined to contain inside
information.
Remuneration in respect of Katy Mecklenburgh:
All remuneration terms and payments will be in line with the
current Directors' Remuneration Policy (the Policy) and the Policy
to be proposed at Softcat's Annual General Meeting on 13 December
2022. When Katy Mecklenburgh's appointment commences, she will
receive a salary of GBP370,000 per annum. In line with arrangements
for current Executive Directors, the maximum variable incentive
opportunity will be 150% of salary under the Annual Bonus Plan and
150% of salary under the Long Term Incentive Plan.
Katy Mecklenburgh will be compensated in respect of certain
variable compensation which will be forfeited as a result of her
resignation from ASOS plc. She will receive a cash payment in lieu
of a forfeited retention award from ASOS plc. The cash payment will
be based on the value of the ASOS shares in the retention award
which was due to vest on 30 April 2023. The payment will be subject
to income tax and national insurance deductions.
Full disclosure of these remuneration arrangements will be
provided in our 2023 Annual Report on Directors' Remuneration.
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END
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