TIDMUTW

RNS Number : 6026G

Utilitywise plc

09 August 2016

9 August 2016

Utilitywise plc

("Utilitywise" or "the Group")

Appointment of Chief Executive Officer

Further to the Proposed Board Changes announcement of 19 April 2016, Utilitywise plc (AIM:UTW), a leading independent utility cost management consultancy, announces the appointment of Brendan Flattery as Chief Executive Officer, effective 1 October 2016.

Brendan joins Utilitywise from integrated accounting, payroll and payment systems market leader, The Sage Group plc ("Sage"), where, as President, Europe, he was responsible for leading a 7,000-person business unit operating across 11 countries which generated annual revenues of circa GBP800 million from a customer base of more than two million. Former roles during his thirteen years at Sage included CEO, UK & Ireland, and Managing Director, Small Business and Mid-Market Divisions.

Prior to joining Sage, Brendan held senior positions at a number of businesses, including Yates Group plc, Intercare plc and Park Group plc.

As previously announced, Geoff Thompson, founder and current CEO of Utilitywise, will become Executive Chairman. Richard Feigen, who has chaired the Group since flotation in 2012, will remain on the Board as a Non-Executive Director.

Commenting on the announcement, Geoff Thompson, incoming Executive Chairman, said:

"Brendan has been the outstanding candidate from the outset and I'm delighted we have secured someone of his calibre to guide Utilitywise through its next phase of development. He brings with him significant experience of scaling up a leading, global enterprise-facing business and has an impressive track record of driving growth through innovation, which fits well with the culture we have forged at Utilitywise.

"I look forward to working with Brendan in 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."

Brendan Flattery, incoming CEO, commented:

"This is an exciting time in the evolution of the Group. Although it has already made significant progress in building out its market leading procurement and energy services businesses, there remains considerable potential to generate further substantial growth across the Group. I very much look forward to working with the very strong executive team to realise that potential."

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:

Mr Brendan Peter Flattery, aged 52:

 
 Current Directorships         Previous Directorships / 
  / Partnerships:               Partnerships 
                                (held in the past five years): 
 Sage Payments (UK) LTD.       Apex Software Systems (UK) 
                                Limited 
 AccPac UK Limited             KCS Global Limited 
 KCS Global Holdings Limited   Apex24.com Limited 
 Multisoft Financial Systems   George Stamford Limited 
  Limited 
 Sage CRM Solutions Limited    Tide3 Limited 
 Tetra Limited                 Tide 1 Limited 
 Sage Hibernia Investments     Tide2 Limited 
  No.1 Limited 
 Snowdrop Systems Limited      Hartley Computer UK Ltd 
 Sage Software LTD             Tide5 Limited 
 Sage Enterprise Solutions     Taxsoft Limited 
  Limited 
 TAS Software Limited          Pro-Pay Limited 
 Sage Hibernia Investments     Promis Software Limited 
  No.2 Limited 
 Sage (UK) LTD                 Tide7 Limited 
                               KCS Management Systems Limited 
                               Professional Accountants 
                                Computer Software Limited 
                               Advanced Paypoint Solutions 
                                Limited 
                               Tide6 Limited 
                               KCS Connect Limited 
                               Tide4 Limited 
                               CSM Limited 
                               JCS Management Services 
                                Limited 
                               P.A.S.E. Limited 
                               ATW Computer Services LTD 
                               Quantec (Holdings) Limited 
                               Pacs Holdings Limited 
                               Hartley International Limited

There is no further information on Mr Flattery required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

For further information please contact:

 
 Utilitywise plc                        0330 303 0233 
 Geoff Thompson (Executive Chairman) 
  Brendan Flattery (Chief Executive 
  Officer) 
 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

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(END) Dow Jones Newswires

August 09, 2016 02:01 ET (06:01 GMT)

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