Maestrano Group PLC Directorate Change (1968J)
03 December 2018 - 7:30PM
UK Regulatory
TIDMMNO
RNS Number : 1968J
Maestrano Group PLC
03 December 2018
3 December 2018
Maestrano Group PLC ("Maestrano" or the "Company")
Maestrano appoints Andrew Pearson CEO and Managing Director
Maestrano Group PLC (AIM: MNO), the open cloud business
integration platform with cross-app data synchronization, announces
the appointment of Andrew Pearson as Chief Executive Officer and
Managing Director.
Stephane Ibos is stepping down as CEO, as the Company is
transitioning to an execution phase that will be focused on UK and
North American markets, better served from a UK base. Andrew
Pearson joined as Deputy CEO in September and the board agrees is
the ideal candidate for the role, with direct experience in
achieving rapid scale for a Software as a Service company in the US
and other markets.
Stephane will continue to serve as a Non-executive member of the
Board of Directors.
Stephane Ibos commented:
"We feel that is the right time to make this important change,
as the Company evolves from a start-up to a fast-scaling commercial
enterprise. I am proud of the success Maestrano has achieved to
date and I am very confident that Andrew will deliver on our
potential, for the benefit of all stakeholders."
Andrew Pearson, CEO of Maestrano, commented:
"I am honoured to be appointed CEO and to lead the company
through the next stage of its development and commercial success. I
would like to thank Stephane for his support to date and going
forward, as the team takes on new challenges and fulfils our
promise."
Ian Buddery, Chairman of the Board, said:
"Andrew joined the Company in September 2018 and has exceeded
our expectations in bringing his global execution experience to
bear, as we delivered complex and time-critical projects. The Board
feels that as CEO, he can build on his proven record and ensure our
long-term success in the cloud software market.
I would like to recognise Stephane for not only his enormous
contribution as founding CEO, but also his commitment to the best
interests of all stakeholders in the business. Andrew's appointment
was not only unanimously supported by the board, but also had the
full and enthusiastic support of Stephane and Arnaud Lachaume, the
Company's founders."
The following disclosures are made in accordance with the AIM
Rules for Companies. Other than this information, there is no
further information required to be disclosed under paragraph (g) of
Schedule Two of the AIM Rules for Companies:
Full Name Andrew Pearson
Age 55
Current beneficial shareholding None
in the Company
Current Directorships CloudPay España SL
CloudPay Holdings Limited
CloudPay Holdings SA
CloudPay Inc
CloudPay kft
CloudPay Philippines Inc.
CloudPay Software Service (Shanghai)
Limited
CloudPay Solutions Limited
CloudPay Technology Limited
CloudPay United Kingdom Limited
Thrusters On Full Ltd
Wayin Inc
Former Directorships (previous CloudPay Asia PTE Ltd
five years) CloudPay Holdings Inc
CloudPay Hong Kong Limited
CloudPay Italy S.r.l
CloudPay Philippines Inc.
CloudPay Solutions Inc
LightwaveRF plc
LightwaveRF Technology Limited
Enquiries:
Maestrano Group plc c/o IFC
Ian Buddery, Chairman
Andrew Pearson, CEO
Grant Thornton (Nominated Adviser)
Colin Aaronson / Jamie Barklem +44 (0)20 7383 5100
Arden Partners (Broker)
Ruari McGirr / Ciaran Walsh /
Alex Penney +44 (0)20 7614 5900
IFC Advisory Limited (Financial
PR & IR)
Graham Herring / Miles Nolan /
Zach Cohen
graham.herring@investor-focus.co.uk
miles.nolan@investor-focus.co.uk +44 (0)20 3934 6630
About Maestrano
Maestrano develops and deploys a patented cloud-based Platform
as a Service that serves the needs of Small to Medium Businesses
(SMBs) and large Enterprises (such as major banks and global
accounting firms) to access real time, automated management data
efficiently on an integrated platform. This technology is called
Master Data Management (MDM).
Further information on the Group is available at
www.maestrano.com
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
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END
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