Yu Group PLC Board Change (4115C)
10 Febrero 2020 - 1:00AM
UK Regulatory
TIDMYU.
RNS Number : 4115C
Yu Group PLC
10 February 2020
10 February 2020
Yü Group PLC
("Yü Group" or the "Group")
Board Change
Yü Group PLC, the independent supplier of gas, electricity and
water to the UK business sector, is pleased to announce that
current Board Director, Garry Pickering, will take on a new role
within the Group, effective immediately.
Garry's undivided attention will now be on the hedging, risk
management and operational forecasting and analysis activities
required of a gas and electricity portfolio. As Director of Trading
Services, Garry will also explore external development
opportunities to expand the Group's gas shipping services and other
specialised energy trading related solutions. Garry will retire his
PLC Board duties to focus on this new role.
Commenting on the appointment, Bobby Kalar, Chief Executive of
Yü Group, said: "Garry has been with the Group since before we
listed on AIM and his specialist knowledge of the electricity and
gas markets gained in over 20 years in the industry is invaluable.
The Board is keen to leverage that knowledge for greater Group
benefit and recognise that his skill set lies in the technical side
of risk management and designing new services. I am delighted that
the business will continue to benefit from his niche expertise in a
role dedicated to manage risk, trading and hedging whilst also
exploring new growth opportunities, including our gas shipping
offering. Garry will remain an integral part of the team as we
implement our strategy and focus on the key areas that will ensure
our long-term profitable growth."
Following this Board change, the Group Board will consist of
three Non-Executive Directors and two Executive Directors,
comprising:
Robin Paynter Bryant, Independent Non-Executive Chairman
Anthony Perkins, Senior Independent Non-Executive Director
John Glasgow, Independent Non-Executive Director
Bobby Kalar, Chief Executive Officer
Paul Rawson, Chief Financial Officer
The Audit Committee will now comprise Anthony Perkins (Chair),
John Glasgow and Robin Paynter Bryant.
The remuneration committee will now comprise John Glasgow
(Chair), Anthony Perkins and Robin Paynter Bryant.
For further information, please contact:
Yü Group PLC
Bobby Kalar
Paul Rawson +44 (0) 115 975 8258
Shore Capital
Advisory
Edward Mansfield
Anita Ghanekar
James Thomas
Broking
Fiona Conroy +44 (0) 20 7408 4090
Alma PR
John Coles
Hilary Buchanan
Helena Bogle +44 (0) 20 3405 0205
Notes to Editors
Information on the Group
Yü Group PLC, trading as Yü Energy, is an independent supplier
of gas, electricity and water focused on servicing the business
sector throughout the UK. It has no involvement in the retail
supply of energy to the domestic sector. The Group was listed on
the AIM market of the London Stock Exchange in March 2016.
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.
END
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