Xpediator PLC Directorate Change (7360K)
06 Septiembre 2021 - 1:00AM
UK Regulatory
TIDMXPD
RNS Number : 7360K
Xpediator PLC
06 September 2021
6 September 2021
XPEDIATOR PLC
("Xpediator" or the "Company" or the "Group")
Directorate Change
Xpediator, (AIM: XPD), a leading provider of freight management
services across the UK and Central and Eastern Europe, is pleased
to announce the appointment of Mark Whiteling as Non-Executive
Chairman. His appointment commences on 22 September 2021 and he
replaces Alex Borrelli who announced he was stepping down from the
role at the time of the 2020 results announcement on 12 April 2021,
in line with best corporate practice regarding tenure.
Mark has extensive executive experience in the B2B and
logistics/distribution space having been Interim Chief Executive
and Chief Financial Officer at Premier Farnell Plc as well as Chief
Financial Officer at Autobar Group Limited and Tibbett &
Britten Group Plc. His most recent executive experience was as
Chief Financial Officer at Interserve Plc leading the financial
restructuring of that business. Mark is currently the Senior
Independent Director for Smiths News Plc as well as Chair of its
Audit Committee. He has also been the Senior Independent Director
of Hogg Robinson Group Limited and was a Non-Executive Director at
Future Plc.
Robert Ross, CEO of Xpediator , said: "Alex has been an
excellent Chairman for our Group since his appointment in 2016
bringing significant Plc experience to our Board from the time of
our IPO. We are grateful to Alex for his tireless work, and on
behalf of the Company we wish him well for the future. In Mark, we
believe we have found an excellent incoming Chairman with
substantial Board and sector experience. We are very much looking
forward to welcoming Mark and working closely with him to progress
the development of the Group."
The following disclosures are in accordance with Schedule 2(g)
of the AIM Rules for Companies:
Full name (age)
Mark Argent Whiteling (58)
Current directorships:
- Smith News PLC (formerly known as Connect Group PLC)
- Interserve PLC
Previous directorships / partnerships (in the last five
years):
- Hogg Robinson Group Limited
- Interserve Group Limited
- Interserve Group Holdings Limited
- Quatre Gourmets Ltd
- Tilbury Douglas Holdings Limited
Mr Whiteling was appointed as CFO of Interserve PLC in October
2017 in order to work with the lenders to restructure its debt as
the company was experiencing significant and public financial
difficulties. However, following a vote by shareholders rejecting a
deleveraging plan, Interserve PLC was placed into administration on
15 March 2019 resulting in its subsidiary companies being sold to
the group's lenders in a pre-pack administration. Debt of GBP815m
and other liabilities of more than GBP200m were exchanged for
equity in the new parent company, Interserve Group Limited.
Mark Whiteling does not hold any shares in the Company.
Xpediator plc Tel: +44 (0)330 043
2395
Robert Ross, Chief Executive Officer
Mike Williamson, Chief Financial Officer
Cenkos Securities plc (Nominated Adviser & Tel: +44 (0)20 7397
Broker) 8900
Giles Balleny, Max Gould (Corporate Finance)
Alex Pollen, Michael Johnson (Sales)
Novella Communications (Financial Public Relations) Tel: +44 (0)20 3151
7008
Tim Robertson
Fergus Young
About Xpediator:
Xpediator is a well-established international provider of
freight management services. Established in 1988, the Group's
international network of offices provides road, sea and air freight
services, together with logistics and warehousing in the UK and
Romania. The business offers integrated freight management within
the supply chain logistics and fulfilment sector, through its three
main areas: freight forwarding, logistics & warehousing and
transport services. With headquarters in Braintree, Essex and
country offices in nine CEE countries across 38 sites, the Group
currently employs over 1,200 people and was successfully listed on
London's AIM market in 2017.
For more information, please visit: www.xpediator.com .
Alternatively, do follow us on Twitter at @Xpediator or find us
on LinkedIn at Xpediator Plc .
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END
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