Xpediator PLC Directorate Change (4191L)
06 September 2019 - 4:01PM
UK Regulatory
TIDMXPD
RNS Number : 4191L
Xpediator PLC
06 September 2019
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
6 September 2019
XPEDIATOR PLC
("Xpediator" or the "Company" or the "Group")
Directorate Change
Xpediator, (AIM: XPD), a leading provider of freight management
services across the UK and Central and Eastern Europe announces
that Stuart Howard will be stepping down from the Board with
immediate effect, in order to pursue other business interests.
Richard Myson, the Group's previous CFO and currently Head of
Internal Audit, will resume the role of CFO on an interim basis
until a permanent appointment is made.
Stephen Blyth will now continue as the Group's Chief Executive
Officer and no longer move to become Executive Chairman as
announced on 6 June 2019. Similarly, Alex Borrelli will remain as
Non-Executive Chairman. The search for a new Non-Executive Director
is well advanced and the Group expects to make an appointment soon.
In addition, the search for a permanent CFO is well advanced.
Alex Borrelli, Non-Executive Chairman of Xpediator,
commented:
"On behalf of the Board, I would like to thank Stuart for the
good work he has done particularly in terms of strengthening key
functions across the business. We wish him well for the future and
will update the market on his successor and other Board changes in
due course."
Xpediator plc Tel: +44 (0)330 043
2395
Stephen Blyth, Chief Executive Officer Email: info@xpediator.com
Cenkos Securities plc (Nominated Adviser & Tel: +44 (0)20 7397
Joint Broker) 8900
Max Hartley, Max Gould (Corporate Finance)
Nick Searle (Sales)
Cantor Fitzgerald Europe (Joint Broker) Tel: +44 (0)20 7894
7000
David Foreman, Michael Boot (Corporate Finance)
Caspar Shand Kydd (Sales)
Novella Communications (Financial Public Relations) Tel: +44 (0)20 3151
7008
Tim Robertson
Fergus Young
About Xpediator:
Xpediator is a well-established international provider of
freight management services. Established in 1988 by Stephen Blyth,
the Group's international network of offices provides road, sea and
air freight services, together with logistics and warehousing in
the UK and Romania. The business offers integrated freight
management within the supply chain logistics and fulfilment sector,
through its three main areas: freight forwarding, logistics &
warehousing and transport services. With headquarters in Braintree,
Essex and country offices in nine CEE countries across 38 sites,
the Group currently employs 938 people and was successfully listed
on London's AIM market in August 2017.
For more information, please visit: www.xpediator.com.
Alternatively, do follow us on Twitter at @Xpediator or find us
on LinkedIn at Xpediator Plc.
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END
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