TIDMFLOW
RNS Number : 5334I
Flowgroup plc
20 June 2017
Flowgroup plc
("Flow" or the "Company")
Directorate Changes
Flowgroup plc (AIM: FLOW), which provides residential gas and
electricity supply and other energy services to over 250,000
customer fuel accounts, announces that further to the announcement
on 24 May 2017, Bradley M. Tirpak, Brian F. Carroll and Jamie
Brooke have been appointed as Non-Executive Directors of Flowgroup
with immediate effect.
In addition, Clare Spottiswoode and Henry Cialone have stood
down as Directors of the Company and John Johnston has become
Non-Executive Chairman, all with immediate effect.
Bradley M. Tirpak
Bradley M. Tirpak is a Managing Director at Palm Ventures where
he focuses on small cap public companies and manages various
investment partnerships. From 1996 until 2008, he worked as a
portfolio manager with roles at Credit Suisse First Boston, Caxton
Associates, and Sigma Capital Management. Prior to his career on
Wall Street, Mr. Tirpak founded Access Telecom, Inc., an
international telecommunications company based in Mexico City. He
has served on the Board of Directors of USA Technologies, Inc.,
Applied Minerals, Inc. and currently serves as the Chairman of the
Board of Full House Resorts, Inc. and as a member of the Board of
Directors for The HALO Trust USA. Mr. Tirpak earned a Bachelor of
Science in Mechanical Engineering from Tufts University and an
M.B.A. from Georgetown University.
Brian F. Carroll
Brian F. Carroll is the Managing Partner of Carroll Capital LLC.
He was a member of Kohlberg Kravis Roberts & Co. L.P. ("KKR") a
global alternative asset management firm. He joined KKR in 1995 and
was most recently the Head of the Consumer and Retail teams in
Europe. He was also a member of the European Investment Committee.
He currently serves on the Board of Directors of Laureate
Education, Inc. and previously served as a member of the Board of
Directors of AEP Industries, Afriflora Holdings, The Boyds
Collection, Ltd., Cognita Ltd., Harman International Industries,
Borden Inc., Northgate Information Solutions, Pets at Home Group
plc, Rockwood Holdings, Inc., Sealy Corporation, and SMCP Groupe.
Prior to joining KKR, Mr. Carroll was with Donaldson, Lufkin &
Jenrette where he worked on a broad range of high yield financing,
corporate finance and merchant banking transactions. He earned a
B.S. and B.A.S. from the University of Pennsylvania and a M.B.A.
from the Stanford University Graduate School of Business.
Jamie Brooke
Jamie Brooke is a fund manager at Lombard Odier and is founder
and lead Portfolio Manager for the 1798 Volantis Catalyst Funds I
& II and also leads the team's active engagement capability.
Jamie has over ten years of quoted small-cap experience alongside
ten years of private equity and venture capital experience at 3i
and Quester. Mr. Brooke is an ACA Chartered Accountant, has a
Mathematics degree from Oxford University and an Internet &
Telecommunications MSC from UCL.
Further information is disclosed below pursuant to Schedule 2,
paragraph (g) of the AIM Rules.
Tony Stiff, Group Chief Executive Officer of Flowgroup plc,
commented:
"On behalf of the Company I would like to thank Clare and Henry
for their service. I am also very excited about the new focus of
developing and growing the Flow Energy business and I welcome the
support that Brad, Brian and Jamie will provide as we aim to grow
Flow Energy into a leading mid-tier energy supplier."
Bradley M. Tirpak
Bradley Matthew Tirpak, aged 47, currently holds or has held the
following directorships over the past five years:
Current directorships Previous directorships in the last
5 years
---------------------- -----------------------------------
Full House Resorts USA Technologies
---------------------- -----------------------------------
Applied Minerals Inc.
---------------------- -----------------------------------
Mr. Tirpak is a manager at Palm Ventures which held, prior to
Admission, 900,000 Ordinary Shares in the Company.
Brian F. Carroll
Brian Farley Carroll, aged 45, currently holds or has held the
following directorships over the past five years:
Current directorships Previous directorships in the last
5 years
------------------------- -----------------------------------
Wengen Harman International Industries
------------------------- -----------------------------------
Laureate Education, Inc. Northgate Information Solutions
------------------------- -----------------------------------
Pets at Home Group Plc
------------------------- -----------------------------------
Pets at Home Limited
------------------------- -----------------------------------
Rockwood Holdings
------------------------- -----------------------------------
Sher Holland B.V. / Afriflora
------------------------- -----------------------------------
SMCP Groupe
------------------------- -----------------------------------
Cognita Ltd.
------------------------- -----------------------------------
Mr. Carroll is a representative of Palm Ventures which held,
prior to Admission, 900,000 Ordinary Shares in the Company.
Mr. Carroll was previously a director of US based companies
World Kitchen Inc., Spalding Holdings and the Boyds Collection Ltd.
which previously filed for bankruptcy in 2002, 2003 and 2005
respectively. These companies were investee companies of Kohlberg
Kravis Roberts & Co L.P.
Jamie Brooke
James Dominic Brooke, aged 46, currently holds or has held the
following directorships and partnerships over the past five
years:
Current directorships Previous directorships in the last
5 years
------------------------------- -------------------------------------
Quester Venture GP Partnership eServGlobal Limited
------------------------------- -------------------------------------
Tartan C.I.P, L.P Lochard Energy Group plc (previously
Rheochem plc)
------------------------------- -------------------------------------
Redhall Group plc Inspired Capital plc
------------------------------- -------------------------------------
Chapel Down Group Plc Samba Limited
------------------------------- -------------------------------------
Darwin Strategic Limited
------------------------------- -------------------------------------
Oryx International Growth Fund
------------------------------- -------------------------------------
NetDimensions Holdings Limited
------------------------------- -------------------------------------
Capitalised terms within this announcement shall have the same
meaning as those defined in the circular detailing the Transaction,
which can be viewed on the Company's website at
http://flowgroup.uk.com.
Enquiries:
Flowgroup plc www.flowgroup.uk.com
Tony Stiff, Group Chief Executive Tel: +44 (0)20 3137 4525
Officer
Nigel Canham, Chief Financial Officer
Cenkos Securities plc (NOMAD and Tel: +44 (0)20 7397 8900
Broker)
Stephen Keys/Mark Connelly/Callum
Davidson (Corporate Finance)
Julian Morse (Sales)
Walbrook PR Ltd (Media Relations) Tel: +44 (0)20 7933 8780 or flowgroup@walbrookpr.com
Paul McManus Mob: +44 (0)7980 541 893
Nick Rome Mob: +44 (0)7748 325 236
This information is provided by RNS
The company news service from the London Stock Exchange
END
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