23 June
2023
Acuity RM Group
plc
('Company')
Board
changes
The Board of Acuity RM
Group plc (AIM: ACRM) announces that Simon
Marvell will retire as CEO of Acuity Risk Management Ltd
(“Acuity”), the Company’s wholly owned operating subsidiary, on 30
June and will not stand for election as director of the Company at
the Annual General Meeting to be held on 27 June 2023.
Kerry Chambers, the current COO of
Acuity, has been selected as Simon’s successor and will be
appointed as a director of the Company and the CEO of Acuity on
3 July
2023.
Simon Marvell will retire from full time
employment. However, Simon will continue as a non-executive
director of Acuity and be engaged as a consultant to continue to
provide advice and other inputs into accelerating the success of
Acuity.
Kerry Chambers will become CEO of Acuity and a
director of the Company on 3 July 2023. Kerry joined Acuity
in April 2021 as Commercial Director
before being promoted as the Acuity’s COO in April 2023. She
has been responsible for all sales, marketing and related
activities. In her time marketing has been brought in house,
a new sales team recruited, a new strategic plan with a partnership
programme to expand in North
America, which represents 45% of the world market. In
the two years since Kerry joined all the key performance indicators
have shown continuing
improvement.
Angus Forrest said “I would like to thank
Simon for his past work and look forward to his continuing
involvement and contribution. Over the past two years working
together we have achieved a great deal of change strengthening the
management of the business and improving every metric. Simon
is an expert on risk management having built his skill over more
than 35 years. He has founded two risk management businesses
and is well known in the industry. We look forward to working
together and retaining his knowledge and expertise in his new
role.”
“Kerry has demonstrated
her skills and proved an excellent leader of sales, marketing and
commercial activities over the past two years, we are delighted to
announce her promotion to CEO and look forward to working with her
as she leads the business in the next exciting phase of its
growth.”
The following information
is disclosed in accordance with Rule 17 and paragraph (g) of
Schedule 2 of the AIM Rules for Companies in connection with the
appointment of Kerry Louise Chambers
(nee Williams and Mudditt) aged 50, to the Board of the Company.
Details of Kerry’s directorships are set out below. She holds
674,555 ordinary shares in the Company and no options
in the
Company.
Current
directorships |
Past directorships held
within the last five years |
|
Acuity Risk Management
Limited |
Resera Consulting
Limited |
|
|
|
|
For further information
please contact: |
|
Acuity RM Group
plc |
www.acuityrmgroup.com |
Angus
Forrest |
+44 (0) 20 3582
0566 |
|
|
WH Ireland (NOMAD &
Broker) |
www.whirelandplc.com/capital-markets |
Mike Coe / Sarah
Mather |
020 7220
1666 |
Peterhouse Capital Limited
Joint broker |
|
Lucy Williams / Duncan
Vasey |
020 7469
0936 |
Clear Capital Markets Limited (Joint
Broker)
Andrew
Blaylock |
020 3869
6080 |
|
|
|
|
Note to
Editors
Acuity RM Group
plc
Acuity RM Group plc (AIM: ACRM),
previously known as Drumz plc, is an established provider of risk
management services. Its award-winning STREAM® software platform,
which collects data about organisations to improve business
decisions and management. It is used by around 70 organisations in
markets including government, utilities, defence, broadcasting,
manufacturing and
healthcare.
The Company is focused on delivering long
term, sustainable growth in shareholder value. In the short to
medium term this is expected to come from organic growth and
thereafter may also come from complementary
acquisitions.