Good Energy Group PLC Reorganisation of Finance function (3141G)
01 March 2018 - 6:01PM
UK Regulatory
TIDMGOOD
RNS Number : 3141G
Good Energy Group PLC
01 March 2018
Good Energy Group PLC
("Good Energy" or the "Company")
Reorganisation of Finance function
Chief Financial Officer to step down
Over the past 12 months, Good Energy has made significant
progress adapting our business model to address our stakeholder
needs in a highly competitive and dynamic energy market.
A key focus for the business during this time has been our
Fit-for-Growth programme, which has already delivered annualised
savings of more than GBP1m.
As part of this work, Denise Cockrem, Chief Financial Officer
(CFO) since 2014, has identified that the Company does not need a
CFO in addition to a Finance Director, and that her role could be
made redundant.
The Board has accepted this proposal, and Denise will step down
as CFO and as a director of Good Energy from the 31st March
2018.
Rupert Sanderson, who is already in place as Finance Director (a
non-board appointment), and Stephen Rosser, General Counsel and
Company Secretary, will take on the remaining responsibilities.
Juliet Davenport, CEO of Good Energy commented:
"Denise has played a key role in the success of Good Energy as
we developed the business to adapt to changing opportunities and
challenges over recent years.
I would like to thank her for the dedication and counsel she has
provided during her time with us and wish her every success in her
next role."
Enquiries:
Good Energy Group
PLC +44 (0) 1249 766 795
Juliet Davenport,
Chief Executive Officer
Denise Cockrem, Chief
Financial Officer
Stephen Rosser, Company
Secretary
Investec Bank plc +44 (0) 207 597 4000
Jeremy Ellis
Sara Hale
Smithfield Consultants +44 (0) 20 3047 2476
Alex Simmons
Notes to editors:
-- Good Energy is a fast-growing green energy company,
generating and selling 100% renewable electricity and
carbon-neutral green gas to households and businesses across the
UK.
-- An AIM-listed PLC, and founding member of the Social Stock
Exchange, Good Energy was established in 1999 to empower households
and business to address climate change through their choice of
energy supplier.
-- The Company has been awarded 4 out of 5 stars by Which? for
customer service in 2016 and 2017, and has been awarded a "Best
Buy" by Ethical Consumer magazine.
-- As at 30 June 2017, Good Energy reported 71,150 renewable
electricity customers and 42,750 carbon neutral gas customers. It
also provides Feed-in Tariff administration services to 137,900
sites, bringing the total number of customers to 251,800.
-- Good Energy is the owner of Delabole Wind Farm, the UK's
first commercial onshore wind farm and owns and operates Hampole
Wind Farm, near Doncaster. Following the sale of Newton Down Farm
and Brynwhilach Farm, the Group will own and operate six solar
farms.
-- Good Energy received an average customer advocacy of 45. A
net promoter score is an index ranging from -100 to 100 that
measures the willingness of customers to recommend a company's
products or services to others. It is used as a proxy for gauging
the customer's overall satisfaction with a company's product or
service and the customer's loyalty to the brand.
-- Good Energy has won a number of awards, including Renewable
Energy Association Company of the Year Award 2016, Business Green
Company of the Year 2015, and was named Social Impact Company of
the Year at the 2014 and 2015 Small Cap awards.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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