UTW Utilitywise

TIDMUTW

RNS Number : 5997V

Utilitywise plc

19 April 2016

19 April 2016

Utilitywise plc

("Utilitywise" or the "Group")

Proposed Board Changes

The Board of Utilitywise plc (AIM:UTW), the leading independent utility cost management consultancy, today announces a number of planned board changes.

Geoff Thompson, who founded Utilitywise in 2006, will move to a new role on the Board as Executive Chairman. The Board has identified a high calibre external candidate to replace Geoff as Chief Executive Officer and will announce further details once the new CEO's start date is contractually agreed. Geoff's new role will commence on the same date.

Richard Feigen, who has chaired the Company since its flotation in 2012, will remain on the Board as a Non-Executive Director following these changes. The Company also intends to create the new role of Senior Independent Non-Executive Director, for which a suitably experienced candidate is currently being sought.

Commenting on the announcement, Geoff Thompson said:

"At this time of evolution and growth for Utilitywise, I am looking forward to starting my new role as Executive Chairman, which will enable me to focus on Group strategy and key client relationships whilst remaining firmly involved in the business.

The new Chief Executive Officer will lead an already robust executive team, which has been strengthened with the recent appointments of Brin Sheridan as Chief Operating Officer and Adrienne McFarland as People Operations Director, and will focus on driving growth and maximising opportunities in order to realise the ambitions of our Company and take us to the next level of success.

On behalf of the Board, I would like to thank Richard Feigen for his excellent chairmanship over the last four years and for his continuing support going forward."

For further information please contact:

 
 Utilitywise PLC                         0330 303 0233 
 Geoff Thompson (CEO) 
 Jon Kempster (CFO) 
 
 finnCap (NOMAD and broker)              020 7220 0500 
 Matt Goode/ Grant Bergman (Corporate 
  Finance) 
 Simon Johnson (Corporate Broking) 
 
  Liberum (Joint broker)                   020 3100 2000 
 Robert Morton/ Steve Pearce 
 Redleaf Communications                  020 7382 4730 
 Rebecca Sanders-Hewett/ David Ison/ 
  Susie Hudson 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOAFMGMDKLDGVZG

(END) Dow Jones Newswires

April 19, 2016 02:01 ET (06:01 GMT)

Utilitywise (LSE:UTW)
Historical Stock Chart
From Jun 2024 to Jul 2024

Utilitywise (LSE:UTW)
Historical Stock Chart
From Jul 2023 to Jul 2024