Iomart Group PLC Directorate Change (8100U)
17 July 2018 - 4:00PM
UK Regulatory
TIDMIOM
RNS Number : 8100U
Iomart Group PLC
17 July 2018
iomart Group plc
("iomart", the "Group" or the "Company")
Directorate Change
iomart Group plc (AIM:IOM), the cloud computing company,
announces that Richard Logan, Group Finance Director, has notified
the Board of his intention to retire from his role at iomart after
12 years' service to the Company. The Board is pleased to announce
the appointment of Richard's replacement, Scott Cunningham, as
Group Finance Director with effect from 3 September 2018. Richard
will step down from the Board on this date and has agreed to be
available until the end of December 2018 in order to ensure an
orderly handover.
Scott has over 25 years' experience in the accounting and
finance profession and was Group Finance Director of AIM listed
InterBulk Group plc for nine years before the group was
successfully sold to Den Hartogh in March 2016. Before this Scott
performed a number of roles within the Clyde Blowers portfolio
including Group Financial Controller for the Clyde Bergemann Power
Group from 2003 to 2006 and more recently was an Investment
Director at Clyde Blowers Capital. Scott is a member of the
Institute of Chartered Accountants of Scotland having qualified
with Arthur Andersen in 1995.
Ian Ritchie, Chairman, commented:
"I'd like to thank Richard for the outstanding contribution he
has made to the success of iomart Group during his 12 year tenure.
He leaves the Group on a sound financial footing, with high levels
of revenue visibility and a strong balance sheet. I wish him every
future success."
Angus MacSween, CEO, commented:
"I concur with the Chairman's comments and after a busy 12 years
I wish Richard a long and healthy retirement. In Scott we have
found another high calibre finance director and look forward to him
joining the business in September."
Scott Cunningham, incoming Group Finance Director,
commented:
"I am delighted to be joining iomart, which has built a
successful position in the growing cloud computing market and has
developed a reputation for consistent delivery. iomart has a
significant and sustainable market opportunity ahead of it, as the
move to the cloud continues, and I look forward to working with
Angus and the team to deliver upon that opportunity."
The following information is disclosed in accordance with Rule
17 and paragraph (g) of Schedule 2 of the AIM Rules for
Companies:
Full name and age: Scott Thomas Cunningham, aged
47
Current Directorships: Moventas Holdings OY
Moventas Gears OY
-------------------------------------
Current Partnerships: Clyde Blowers Capital Co-Investment
II LP
Clyde Blowers Capital Co-Investment
III LP
Clyde Blowers Capital CIV II LP
Clyde Blowers Capital CIV III
LP
Redwood Capital Partners III
LP
-------------------------------------
Former Directorships (previous InterBulk Group plc
5 years): InBulk Technologies Limited
CleanCat Technologies Limited
InterBulk (Tankcontainers) Holdings
Limited
InterBulk (Tankcontainers) Limited
I.B.T Limited
InterBulk (UK) Holdings Limited
United IFF Limited
Yardbrace Limited
United Transport Europe Limited
Bailee Freight Services Limited
InterBulk (UK) Limited
International Bulk Systems Limited
IBC Logistics Systems Limited
International Bulk Freight Limited
Linertech Limited
UBC Flexitanks Limited
IBC Limited
Linertech Solutions Limited
UBC Limited
United Transport Tank Containers
Limited
Hillgate XYZ Limited
Interbulk China Holdings Limited
United Transport Tankcontainer
Holdings BV
United Transport Tankcontainer
Holdings AB
InterBulk AB
InterBulk (Trucking) AB
United Transport Tankcontainers
(Norway Branch)
United Transport Tankcontainers
Inc.
InterBulk Pte Ltd
UBC Finland Oy
Beijing InterBulk Logistics Co.
Ltd
Shanghai InterBulk Logistics
Co. Limited
-------------------------------------
There is no further information required to be disclosed under
Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for
Companies.
For further information:
iomart Group plc Tel: 0141 931 6400
Angus MacSween
Richard Logan
Peel Hunt LLP Tel: 020 7418 8900
(Nominated Adviser and
Broker)
Edward Knight
Nick Prowting
Max Irwin
Alma PR Tel: 020 8004 4218
(Financial PR)
Caroline Forde
Helena Bogle
About iomart Group plc
iomart Group PLC (AIM: IOM) helps organisations maximise the
flexibility, cost effectiveness and security of the cloud. From
strategy to delivery, our 300+ consultants and solutions architects
provide the cloud expertise to transform your business. With a
dynamic range of managed cloud services that integrate with the
hyper clouds of AWS and Azure, our agnostic approach delivers
solutions tailored to your specific requirements. iomart is a long
term supplier to G-Cloud and our infrastructure and cloud and
backup services are designed to meet the requirements of the UK
public sector. To find out more about our managed cloud services
visit www.iomart.com. For our cloud consultancy visit
www.systemsup.co.uk.
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END
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