Parity Group PLC Directorate Change (0953W)
21 April 2021 - 4:00PM
UK Regulatory
TIDMPTY
RNS Number : 0953W
Parity Group PLC
21 April 2021
21 April 2021
Parity Group plc
("Parity" or the "Group")
Changes to the Board
Parity, the data and technology-focussed professional services
company, announces today that John Conoley has decided to step down
from his role as Non-Executive Chairman. John will be replaced by
Mark Braund, who joins the board with immediate effect.
Mr Braund, is currently Executive Chairman of the specialist
cleaning, hygiene and decontamination company React Group PLC. Mark
previously held the position of CEO at RedstoneConnect Plc, a
provider of technology and services for smart buildings and
commercial spaces and led the business through a well-documented
turnaround, overseeing the sale of profitable legacy assets and the
carve-out of the software technology business now known as
Smartspace Software Plc.
Commenting, John Conoley said : "Parity has made great progress
over the past few years. Having completed its transformation into a
data and technology focused business, I leave Parity in a strong
position: it is for the first time free from past legacy issues; it
has successfully refinanced with better terms than before; and in
its full year 2020 results has delivered an impressive market
leading performance despite the challenges of the pandemic. Now is
the right time for me to hand over the reins as Chairman and I wish
Mark every success in his new position."
Matthew Bayfield, CEO of Parity, said: "On behalf of the Board I
would like to thank John for his guidance and counsel through
Parity's period of transition. He leaves us well placed for growth
and we wish him every success for the future.
"I would also like to welcome Mark to the Group. Mark has
fantastic experience in the technology sector and is known for his
strong track record in supporting Executive teams to deliver
profitable and sustainable change whilst materially improving
shareholder value. His expertise will be invaluable as we deliver
Parity's new strategy following our recent transformation."
Mark Braund, Non-Executive Chairman of Parity, said : "Parity is
an excellent, progressive business that has spotted a clear
opportunity for itself in the data-focused professional services
space. I am very pleased to be joining the Group and I look forward
to working with Matthew and the Executive team."
-ENDS-
Contacts
Parity Group PLC www.parity.net
Matthew Bayfield, CEO + 44 (0) 208 543 5353
Mike Johns, CFO
finnCap Group PLC https://www.finncap.com/
Jonny Franklin-Adams / Simon Hicks
/ Fergus Sullivan +44 (0) 20 7220 0500
Tim Redfern / Charlotte Sutcliffe
Houston Parity@Houston.co.uk
Kate Hoare / Alexander Clelland +44 (0) 204 529 0549
The following information is disclosed in accordance with Rule
17 and Schedule Two paragraph (g) of the AIM Rules for
Companies:
Mr Mark Andrew Braund, aged 59, is currently director of:
Mark & Lyn Braund Partnership
REACT Group Plc
Wydelta Limited
He has been a director of the following in the last 5 years:
Anders Elite Corporate Trustee Limited
Anders Elite Holdings Limited
RedstoneConnect Plc (formerly COMS Plc and now Smartspace
Software Plc)
Regen Computing Limited
Mr Braund does not currently hold any ordinary shares in the
Company. There are no other disclosures required in relation to
Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for
Companies.
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END
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