Uvenco UK plc Organisational changes (4108C)
28 June 2016 - 4:00PM
UK Regulatory
TIDMUVEN
RNS Number : 4108C
Uvenco UK plc
28 June 2016
28 June 2016
Uvenco UK plc ("Uvenco" or the "Company")
Uvenco (AIM: UVEN) provides the following update concerning
certain significant organisational changes:-
Financial Control
Michael Maltby, the Company's Company Secretary and Interim CFO,
is leaving at the end of June 2016 and is to be replaced by Peter
Goodman, also in an interim capacity until the end of the calendar
year. Peter Goodman has been Group Financial Controller of the
Company since March 2016.
Peter attained a degree from Magdalen College, Oxford before
qualifying as an ACA in 1999 with Deloitte LLP in London. Since
then he has held several senior roles in the accounting profession
before most recently being the Group Financial Controller at
Kimberley Rentals Group a private equity backed plant hire
company.
Sales and Operations
As part of the on-going reorganisation of the Company's vending
division the Company continues to establish a regional structure.
Following the resignation of the Group Sales Manager these three
regions of North (based in Blackburn), Midlands (based in
Corby/Newport) and South (based in London) will each have their own
sales team working alongside the three Depot Managers. This
regional focus will ensure increasing emphasis on customer
relationships, service performance and depot based profit
responsibilities. The resulting structure will see the three
Regional Sales Managers reporting to the CEO, while the Depot
Managers will now report to Steve Cunliffe in his new role of
General Operations Manager.
Audit
The Company's audit is progressing in line with our agreed
timetable and it expects to announce audited financial results for
the year ended 31 March 2016 during September 2016.
Sergei Kornienko, the Company's CEO commented, 'I am very
pleased to be appointing Peter to head-up our finance function
after demonstrating early on in his time with us that he has the
skills we need to restore our financial credibility. I would also
like to take this opportunity to thank Michael for his important
contribution to the Company over the last 15 months.'
For further information:
Uvenco UK PLC
Sergei Kornienko, CEO
Peter Goodman, Interim
CFO 020 8879 8300
Stockdale Securities
Limited
Tom Griffiths
Richard Johnson 020 7601 6100
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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