Manx Telecom PLC Appointment of new CEO (2544O)
27 May 2015 - 4:01PM
UK Regulatory
TIDMMANX
RNS Number : 2544O
Manx Telecom PLC
27 May 2015
27 May 2015
Manx Telecom Plc
Appointment of new CEO
Manx Telecom Plc (AIM:MANX; the "Company"), the leading
communication solutions provider on the Isle of Man, is pleased to
announce that Gary Lamb, current Finance Director, will succeed
Mike Dee as Chief Executive Officer of the Company with effect from
1 July 2015.
Gary joined Manx Telecom in October 2011 as Finance Director and
has been instrumental in the Company's development since then.
Prior to joining the Company, Gary held a diverse range of senior
roles and has spent 20 years working on the Isle of Man, operating
within the local business community and internationally.
As previously announced, Mike Dee is retiring from a full time
executive career and will step down from the Board on 1 July 2015.
Recruitment for a new Finance Director has commenced and
shareholders will be updated in due course.
Kevin Walsh, Non-Executive Chairman said,
"The Board and I want to thank Mike for the success the Company
has enjoyed during his long tenure; we wish him well for his
retirement.
"Gary has been invaluable to the Manx team for the past four
years as Finance Director and we are delighted that he will now be
taking up the post of CEO. Gary's work with the Company and length
of time spent in the business community on the Isle of Man make
this an excellent appointment. The Manx Telecom business has an
enviable breadth and depth to its senior management team and Gary's
leadership will ensure that the business continues to deliver in
line with the stated strategy."
Gary Lamb, Finance Director added,
"I am delighted to be appointed as Chief Executive Officer of
Manx Telecom at an exciting time in the Company's evolution. We
have a great team of people working for the company and together we
will continue to serve our valued customers and support the Isle of
Man Government to attract new business to the Isle of Man. We look
forward to growing the company on the Island, continuing to support
the local community and using our leading technology and skilled
workforce to expand our business off the Island."
-Ends-
For further enquiries, please contact:
Manx Telecom plc +44 (0) 1624 636400
Mike Dee, Chief Executive Officer
Gary Lamb, Finance Director
Liberum Capital (Nominated Adviser and Corporate
Broker) +44 (0)20 3100 2000
Steve Pearce
Steve Tredget
Oakley Capital (Financial Adviser) +44 (0) 20 7766 6900
Christian Maher
Victoria Boxall
Powerscourt Group (Public Relations) +44 (0) 20 7250 1446
Juliet Callaghan
Simon Compton
Carmen Murray
About Manx Telecom
-- Manx Telecom is the leading communication solutions provider
on the Isle of Man, offering a wide range of fixed line, broadband,
mobile, and data centre services to businesses, consumers and the
public sector on the Isle of Man as well as a growing portfolio of
innovative hosting and "Smart SIM" solutions to off-Island
customers.
-- Manx Telecom has a record of innovation, being the first
European operator to launch a 3G mobile service and the first in
the world to launch a 3.5G mobile service. 4G service launched in
the summer of 2014, and it is now available to contract and pre-pay
customers with 99% population coverage. The Company's high speed
VDSL broadband service (Ultima) is available to 87 per cent of
homes on the Island. A VDSL Plus service launched in February
2015.
-- The Company has three data centres (two of which are Tier 3)
plus international connectivity and its operations are
business-critical to the economic strategy of the Isle of Man.
-- One of the largest employers on the Island, Manx Telecom
employs nearly 300 people. The company plays a major role in the
wider community through a range of activities, including charitable
donations, sponsorships, and corporate social responsibility
initiatives.
-- The company is proud to sponsor the Manx Telecom Parish Walk,
Tough Mann Adventure Challenge, Manx Telecom End2End Mountain Bike
Challenge, Team Manx Telecom (Manx Road Club) and Royal Manx
Agricultural Show as well as other smaller events. Manx Telecom
also donates annually to local causes through the company's "It's
our Community" programme.
-- The Isle of Man has a resilient and growing economy which has
experienced 29 years of unbroken GDP growth. Unemployment is low at
2.0 per cent, and there is a zero per cent corporate tax rate which
applies to the vast majority of Manx Telecom's business and means
that the Group currently pays no corporation tax on its annual
profits.
-- Manx Telecom is listed on the Alternative Investment Market
of the London Stock Exchange with the ticker MANX.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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