Quartix Holdings PLC Directorate Change (8750R)
27 September 2017 - 4:01PM
UK Regulatory
TIDMQTX
RNS Number : 8750R
Quartix Holdings PLC
27 September 2017
27 September 2017
Quartix Holdings plc
("Quartix" or the "Company")
Directorate changes
Quartix Holdings plc, a leading supplier of subscription-based
vehicle tracking systems, software and services in the UK, is
pleased to announce the appointment of Daniel Mendis as Chief
Financial Officer ("CFO") with effect from 1(st) January 2018.
Daniel will join the company in December of this year and is
expected to take up his new position as an Executive Director of
the Company's Board on January 1(st) .
Since early 2014 Daniel has been Head of Finance (Ruminant) at
AB Agri Ltd, a subsidiary of Associated British Foods plc with
revenues of approximately GBP1 billion. Prior to this position he
spent 4 years with Domino Printing Sciences plc, in two different
Group roles, having qualified as a chartered accountant during a
three-year period in the corporate finance team at Grant Thornton,
Cambridge. Daniel worked closely with Quartix at that time on the
Company's financial structure and funding. He began his career
working in management consultancy and business analysis with Arthur
D Little.
Daniel holds a first-class honours degree in engineering science
from Oxford University, where he also represented the University at
cricket. More recently he has taken a keen interest in touch rugby,
coaching the Cambridge team and having captained England to
European Championship in 2014.
Further to the announcement on 26 July 2017, it is expected that
David Bridge will now step down as Finance Director on 31 December
2017 but remain with the Company until early 2018 to help Daniel
with the preparation of the 2017 results.
Commenting on the appointment, Andy Walters, Managing Director
of Quartix, said: "Having worked closely with Dan during his time
at Grant Thornton in 2007 and 2008 I am delighted that he will now
join us as CFO. We were impressed by the understanding he developed
of our company then and have followed his subsequent career with
interest."
"I would like to take the opportunity to thank David for 10
years of outstanding service to the company and for allowing us the
time necessary to find a suitable replacement, and for agreeing to
remain with us until early 2018 to help with the transition."
For further information, please contact:
Quartix (www.quartix.net)
Andy Walters, Managing Director
David Bridge, Finance Director 01686 806 663
finnCap (Nominated Adviser and Broker)
Matt Goode/Scott Mathieson (Corporate Finance)
Alice Lane (Corporate Broking) 020 7220 0500
Additional information:
The following information is disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies:
Daniel Christian Mendis, aged 35, does not hold any current
directorships. He was a director of Mendis Associates Limited until
July 2017.
At the date of this announcement, Mr Mendis does not hold any
ordinary shares in the Company.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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