TIDMGATC
RNS Number : 0299R
Gattaca PLC
24 October 2023
24 October 2023
Gattaca plc
("Gattaca", the "Group")
Board Changes
Gattaca, the specialist staffing solutions business, announces
the following Board changes which will take effect immediately
following the Group's AGM to be held on the 6 December 2023.
Richard Bradford to succeed Patrick Shanley as Independent
Non-Executive Chair
Patrick Shanley, who has been independent Non-Executive Chair of
Gattaca since December 2015, has decided to step down from the
Board and he will be replaced by Richard Bradford as Independent
Non-Executive Chair immediately following the AGM.
Richard has extensive experience in solutions and services
businesses, both in the UK and USA. He was Chief Executive of AIM
quoted Carlisle Group from 1997 to 2008, up to and including its
merger with Corporate Services Group to create Impellam Group.
Richard was previously Chief Executive of LPM Group, a private
equity backed mid-market group of facilities management investments
and began his career with Exel Logistics (now DHL). He is currently
chairman of UK based InHealth Group, a leading provider of
diagnostics and imaging services, a partner at InHealth Ventures, a
London-based transatlantic early-stage digital healthcare fund and
deputy chair of the Independent Healthcare Providers Network.
Richard was previously a Non-Executive Director at Gattaca,
having originally been appointed in 2011. Since stepping down from
the Board in December 2020, he has had no involvement with the
business, nor has he previously worked directly with the Group's
current Executive directors. As such, the Board have concluded it
appropriate that Richard be considered independent.
George Materna, founder and largest shareholder, to step down
from the Board
George Materna, the Group's founder and largest shareholder, has
decided to retire from the Board and will step down at the AGM.
George founded the business nearly 40 years ago and has made a
major contribution to the Group. George has been a Non-Executive
Director on the Board for over 15 years. He has stated his
intention to retain his existing shareholding in the Group.
Ros Haith to step down from the Board
In addition, as the number of non-independent members of the
Board will reduce following George Materna's retirement the
decision has been taken to further streamline the Board's
composition. Accordingly, Ros Haith, who joined the Board in 2021,
will step down at the AGM.
This refresh to the Board composition takes place alongside the
ongoing implementation of the business transformation plan, focused
on developing the Group's four key strategic priorities. Following
implementation of these changes, the Board will comprise Matthew
Wragg and Oliver Whittaker as CEO and CFO respectively, David
Lawther and Tracey James as Independent Non-Executive Directors and
led by Richard Bradford as Independent Non-Executive Chair.
Commenting Patrick Shanley, Chair, said:
"Last year we accelerated the changes at Board level with the
appointment of Matt Wragg as CEO and Oliver Whitaker as CFO. We
were able to do so as succession planning was at the core of our
Nomination Committee strategy. Both have settled very well into
their roles and are one of the main reasons we feel that now is the
right time to reshape the Board to reflect what is required for the
next stage of the Group's development. Passing on the baton is
never easy, but in Richard we have someone who both knows the
business well and can bring a fresh perspective.
"Having founded the business nearly 40 years ago, George felt
that as he turned 70, and given his confidence in the Executives,
it was a timely opportunity to step down. He has made an
outstanding contribution to the business over a very long time.
During my time on the Board he has always been supportive and
constructive and acted in the interest of all shareholders. He will
be sorely missed.
"Lastly, we wish to thank Ros Haith who will also step down at
the AGM. Ros has shown her sales pedigree and made a significant
contribution to Board discussions. We wish her well in her future
endeavours."
Commenting, Richard Bradford, said:
"I am delighted to be re-joining Gattaca. Since my previous
association with the Group several years ago, I get a strong sense
of progress in systems, people and culture that represent the key
ingredients for success.
"Notwithstanding the cyclical nature of the overall staffing
sector, the Group is well placed to grow in the STEM markets it
serves.
"I look forward to playing my part in helping to deliver future
performance and development. I would like to thank Patrick for his
contribution to shaping the Group over the past eight years, whilst
George's legacy and foundation will never be forgotten. I wish them
both well for the future."
Commenting, George Materna, said;
" I founded the business in 1984 and now my primary reason for
retiring is that the Board and current management look to be an
elite winning team that is restoring and improving on the
previously successful culture.
"Working alongside some outstanding people who have contributed
to and been important to the success and longevity of the business
has been truly fantastic, I thank them all.
"As stated, I will retain my significant shareholding and I look
forward to a promising future for the business and the people in
it."
The following disclosures are required regarding the appointment
of Richard James Bradford, aged 60, pursuant to Schedule 2(g) of
the AIM Rules for Companies:
Directorships/Partnerships within
Current Directorships/Partnerships last 5 years
E-Locum Services Limited Gattaca PLC
Euroclinics (UK) Limited Connect Health Pain Services
Holdings Limited
Inhealth (London) Limited Connect Health Pain Services
Limited
Inhealth Group Holdings PLC
Inhealth Group Limited
Inhealth Limited
Inhealth Molecular Imaging Limited
Inhealth Properties Limited
Inhealth Reporting Limited
Medical Imaging Audit and Accreditation
Limited
Preventicum UK Limited
Vista Diagnostics Limited
Inhealth Endoscopy Limited
Inhealth Echotech Limited
Inhealth Diagnostic & Imaging
Limited
Inhealth Intelligence Limited
Inhealth Cats Limited
London Centre for Advanced Diagnostics
Limited
The London Upright MRI Company
Limited
United Open MRI Limited
Yorkshire Upright MRI Centre
Limited
Independent Healthcare Providers
Network (IHPN) Limited
Inhealth Pathology Limited
Prime Endoscopy (Bristol) Limited
Healios Ltd
Inhealth UK Holdings Limited
Tac Healthcare Limited
C7 Health Limited
Diagnostic World Ltd
Tac Healthcare Group Ltd
The Aberdeen Clinic Ltd
Inhealth Audiology and ENT Limited
Cardinal Inhealth Ltd
Inhealth Facilities Management
Limited
Lister Inhealth Limited
Inhealth Ventures Limited
There are no further disclosures required to be made in respect
of the appointment under Schedule 2(g) of the AIM Rules for
Companies.
The informatio n contained within this announcement is deemed by
the Group to constitute inside information as stipulated under the
Market Abuse Regulations (EU) No. 596/2014. Upon the publication of
this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.
For further information please contact:
Gattaca plc +44 (0) 1489 898989
Matthew Wragg, Chief Executive Officer
Oliver Whittaker, Chief Financial
Officer
Liberum Capital Limited (Nomad and
Broker) +44 (0) 20 3100 2000
Lauren Kettle
Richard Lindley
IFC Advisory
Tim Metcalfe
Graham Herring
Florence Chandler +44 (0)20 3934 6630
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END
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