Altitude Group PLC Directorate Change (9741S)
29 June 2018 - 4:01PM
UK Regulatory
TIDMALT
RNS Number : 9741S
Altitude Group PLC
29 June 2018
ALTITUDE GROUP PLC
(the "Group" or "Altitude")
Directorship Change
Altitude Group plc (AIM: ALT), the operator of a leading
marketplace for personalised products, announces that Martin Varley
will retire from the role of Executive President on the 30 June
2018 and will step down to the role of Non-Executive Director at
that time.
Following the IPO in late 2005, Martin shaped the vision and
strategy of Altitude Group, guiding the company to a
technology-first position in an industry historically lacking
innovation. Having previously acted as Group Commercial Director
and Group Chief Executive he moved to a part-time role of Group
President in 2017 and has for the last 12 months been focussed on
wider strategic opportunities, culminating in the appointment of
Torch Partners as corporate finance advisors this month.
Peter Hallett, Non-Executive Chairman of Altitude, said: "The
measure of success of a founder is the quality of the team that
they build and the business legacy they leave behind, and in both
respects Martin's contribution has been substantial. Martin always
made it clear to me that he saw himself as an entrepreneur,
innovator and disruptor and not a line manager and his greatest
contribution is undoubtedly the creation of a strong technology
legacy. Martin has also worked tirelessly to identify the people
that would "move the needle" and with that team now in place and
delivering against the strategy that has evolved , he is confident
in being able to turn his attention fully to his family,
philanthropic plans and his hobby of flying.
We look forward to his contribution as a Non-Executive Director
and wish him every success for the future".
For further information please contact:
Altitude Group plc
Nichole Stella, Chief Executive
Officer +1 (215) 534 1350
Graeme Couturier, Chief Financial
Officer 07973 683234
Peter Hallett, Non-Executive Chairman 07887 987469
finnCap Ltd 020 7220 0500
Jonny Franklin-Adams (Corporate Finance)
Scott Mathieson (Corporate Finance)
Richard Chambers (ECM)
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
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END
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