Ubisense Group PLC Appointment of CEO (8949R)
15 December 2016 - 6:00PM
UK Regulatory
TIDMUBI
RNS Number : 8949R
Ubisense Group PLC
15 December 2016
15 December 2016
Ubisense Group plc
("Ubisense" or the "Company")
Appointment of CEO
Ubisense Group plc (AIM: UBI) is pleased to announce the
appointment of Richard Petti as Chief Executive Officer with effect
from 14 December 2016. Peter Harverson will remain Executive
Chairman during a transition period, and will revert to
non-Executive Chairman during the first half of 2017.
Richard brings first-hand experience of growing revenues and
developing profitable businesses serving automotive, financial and
industrial customers. Richard joins Ubisense having most recently
been CEO of Asset Control, a worldwide supplier of financial data
management systems serving some of the world's leading financial
organisations. Prior to Asset Control, Richard was COO at WEMA, a
leading provider of diesel and AdBlue sensors within the global
commercial vehicle market. During his career, Richard has also held
senior management and sales leadership roles at Orange Business
Services, QUMAS and SunGard Data Systems. Richard holds a
bachelor's degree in International Relations and Economics from
Bucknell University in Pennsylvania and a Master's degree in
International Economics and Management from Universita' Luigi
Bocconi of Milan. Richard Petti does not hold a beneficial interest
in the ordinary shares in the Company.
Additional information
Riccardo Ettore Petti (Richard Petti), aged 49, is not currently
a director of any companies and has been a director of the
following companies:
Previous directorships (last 5 years)
Wema System AG
Asset Control International BV
Asset Control Singapore PTE Ltd
There are no further disclosures required pursuant to Schedule
2, paragraph (g) of the AIM Rules for Companies in respect of the
appointment of Richard Petti to the Board of the Company.
For further information contact:
Ubisense Group plc +44 (0)1223 535170
Peter Harverson
Richard Petti
Tim Gingell
Numis Securities Limited +44 (0)20 7260 1000
Simon Willis
Jamie Lillywhite
Toby Adcock
Redleaf Communications +44 (0)20 7382 4730
Rebecca Sanders-Hewett
David Ison
About Ubisense
Ubisense (AIM: UBI), a global leader in Enterprise Location
Intelligence solutions, helps manufacturing, communications and
utility companies improve operational efficiency and boost
profitability. Ubisense location intelligence systems bring clarity
to complexity, enabling customers to revolutionise their
operational effectiveness in a measurable way. Founded in 2002,
Ubisense is headquartered in Cambridge, England, with offices in
North America, France, Germany and Japan. For more information
visit: www.ubisense.net.
This information is provided by RNS
The company news service from the London Stock Exchange
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