TIDMELCO
RNS Number : 3702I
Eleco PLC
12 August 2021
12 August 2021
Eleco plc
( "Eleco", the "Company" or the "Group")
Directorate Changes
Following the strategy announcement earlier this year, the Board
of Eleco plc, the AIM-listed construction software specialist, is
pleased to announce a refresh of the Board.
After a formal and rigorous process to find additional
Independent Non-Executive Directors (NEDs) with software and
construction backgrounds, the Board would like to announce the
immediate appointment of Dr. Annette Nabavi, a highly qualified
board director with more than 30 years' experience in the
technology, telecoms and digital industries who will bring
additional expertise to advise with the shift from a perpetual to
SaaS licence model. Additionally, Mark Castle, an experienced
business leader, will join the Board with effect from 20 September
2021. Mr. Castle brings with him a wealth of experience in the
Property, Construction, Consultancy and Built Environment Sectors
and will help provide the voice of the customer on the Board.
Dr. Nabavi has held several Non-Executive Director roles,
including a seven-year tenure at AIM-listed Maintel Holdings Plc, a
cloud and managed services company, where she also chaired the
Remuneration Committee. She has substantial experience in this area
through her involvement with the Quoted Companies Alliance (QCA),
where she supported the update to the Remuneration Committee Guide.
In 2018, she was shortlisted for The Sunday Times' Non-Executive
Director Awards as AIM Director of the Year.
Her current roles include Managing Director of Anchusa
Consulting, where she advises on strategic issues and corporate
finance in the technology and telecoms sector, and Partner at AHV
Associates, a corporate finance advisory firm specialising in
M&A and capital raising.
Dr. Nabavi is also Finance Director for Women in Telecoms and
Technology, a Not-for-Profit organisation, and serves as a judge
for the prestigious World Communications Awards. She holds an MA
from Oxford University and a Doctorate from the University of
Dijon.
Mark Castle is currently a Non-Executive Director of Mace Group,
a global construction, property investment, consultancy, and
facilities management business, which he joined in 2005. Working as
Chief Operating Officer until earlier this year Mark oversaw Mace
Group's construction growth from start-up to becoming a GBP1.6
billion revenue company within the group which operates in over 80
countries with 6,500 employees.
Prior to working at Mace Group, Mark was Managing Director UK of
New York based Structure Tone, a $3bn revenue construction company,
and before this was Managing Director London of Wates Group, a
GBP1.4 billion revenue construction business headquartered in
London. He is a Fellow of the Royal Institute of Chartered
Surveyors. On joining the Board, Mark Castle will become Chair of
the newly created ESG Committee.
Kevin Craig will be stepping down from the board at the end of
August to focus on his other growing business interests, and David
Dannhauser will also step down at the end of August. Dr. Nabavi
will succeed Kevin Craig as Chair of the Remuneration Committee and
become Senior Independent Director and Paul Boughton will become
Chair of the Audit Committee.
The Company also confirms that Executive Chairman Serena Lang
will return to her previous non-executive capacity as Non-Executive
Chairman in September and Anders Karlsson, MD for Nordics, will
leave the Board at the end of August but remain an important part
of the Executive Team as one of the Company's key regional MDs.
It is the intention of the Board for all non-executive directors
to stand for re-election at the AGM in 2022 and in subsequent
years. This is in line with corporate governance best practice. The
executive directors will continue to stand for re-election in
accordance with the articles of Eleco.
Serena Lang, Executive Chairman, said:
"I am delighted to welcome Dr. Annette Nabavi to the Eleco Board
as the Senior Independent Non-Executive Director and Chair of the
Remuneration Committee. With our strategy now in place, Annette's
impressive track-record in the technology, telecoms and digital
industries will add tremendous value to us as we implement our next
phase of growth. Further, her work with the QCA will be extremely
beneficial as we focus on enhancing our corporate governance to
ensure that it is the best in the business.
"I am also excited to be welcoming Mark Castle to the Board of
Eleco in September. His long and illustrious career in construction
and the built environment will be indispensable to us as we seek to
move from a product centric to a customer centric model and expand
our business in these sectors. Mark has huge experience in helping
businesses to grow, always with a focus on driving customer service
and shareholder value. His strong commercial and business acumen
will prove a great asset to us, as will his expertise in
performance and risk management, compliance, and support around
ESG.
"On behalf of the Board, I would also like to thank Kevin and
David for their unwavering support and guidance since joining the
business and particularly their contributions to the development of
the new strategy for the business and during this transitional
period for Eleco. Kevin's experience of positioning, marketing, and
growing successful growth businesses and his deep internal
communications expertise have been extremely valuable in shaping
our new strategy and we wish him all the best as he continues to
drive his business. David's deep financial experience, robust
constructive challenge and knowledge of the business have ensured
rigour, discipline and continuity for the business as we have moved
between finance directors and into this new phase of the Company's
life and we wish him all the best in his new endeavours.
Additionally, I would like to take the opportunity to thank Anders
Karlsson, who has played a key role in the organisation over the
past few years, including being instrumental in the strategy work
and leading the UK whilst we recruited a replacement for Jonathan
Hunter following his promotion to CEO.
"With a strengthened and highly capable management team in
place, aligned with our newly revised strategy, which is being
successfully implemented across the business, I am also pleased to
be able to announce that I will be moving to the role of
Non-Executive Chair. I have every confidence that, with these
essential building blocks now firmly underpinning the business,
Eleco will continue to deliver growth to the benefit of all
shareholders."
For further information, please contact:
Eleco plc Tel: +44 (0)20 7422 8000
Serena Lang, Executive Chairman
Jonathan Hunter, Chief Executive Officer
Robert Tearle, Chief Financial Officer
finnCap Limited Tel: +44 (0)20 7220 0500
Geoff Nash / Kate Bannatyne / (Nomad)
Richard Chambers / Charlotte Sutcliffe (ECM)
SEC Newgate Tel: +44 (0)20 3757 6882
Elisabeth Cowell / Bob Huxford/ Isabelle Smurfit eleco@secnewgate.co.uk
About Eleco plc
Eleco plc is an AIM-listed (AIM: ELCO) specialist international
provider of software and related services to the Architectural,
Engineering, Construction and Owner/Operator (AECO) industries and
interior furnishing industries from centres of excellence in the
UK, Sweden, Germany, Netherlands and the US.
The Company's market-leading Elecosoft software solutions are
developed by teams in the United Kingdom, Sweden and Germany, and
its solutions cover project management, estimating, timber
engineering, CAD and visualisation, asset and facility management
and cloud-based digital marketing solutions.
For further information please visit www.eleco.com.
Regulatory Disclosures:
The following information regarding the appointment of Dr.
Annette Nabavi, age 69, is disclosed under Schedule 2(g) of the AIM
Rules for Companies:
Full name Dr Annette Patricia Nabavi (previous
name Lane)
Age 69
--------------------------------------------
Shares/Options held None
--------------------------------------------
Current directorships/partnerships: Gemserv Ltd
EFI Group Ltd
Women in Telecoms & Technology (WiTT)
Ltd
Anchusa Consulting Ltd
--------------------------------------------
Prior directorships/partnerships The Association of Independent Professional
from previous 5 years: and the Self-Employed Limited
Maintel Holdings Plc
--------------------------------------------
There is no further information to be disclosed in relation to
the appointment of Dr Annette Patricia Nabavi pursuant to Schedule
2, paragraph (g) of the AIM Rules.
The following information regarding the appointment of Mark
Castle, aged 56, is disclosed under Schedule 2(g) of the AIM Rules
for Companies:
Full name Mr Mark Castle
Age 56
-----------------------------------------
Shares/Options held None
-----------------------------------------
Current directorships/partnerships: Casco Holdings
Mace Limited
-----------------------------------------
Prior Directorships/partnerships Build UK Group
from previous 5 years:
Como Construction Limited
Como Homes
Como Group Limited
Mace Plus Limited
Mace Plus Academies Limited
Mace Capital Limited
Mace Plus Group Limited
Mace Interiors Group Limited
Mace Group Limited
Mace Finance Limited
Mace Consultancy (Asia Pacific) Limited
-----------------------------------------
Mark Castle was a director of Nugent Construction when it went
into receivership in 1993.
There is no further information to be disclosed in relation to
the appointment of Mr. Mark Castle pursuant to Schedule 2,
paragraph (g) of the AIM Rules.
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
BOAGPURURUPGGRG
(END) Dow Jones Newswires
August 12, 2021 02:00 ET (06:00 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