Eleco PLC Appointment of Independent Non-Executive Director (1068T)
March 23 2021 - 2:00AM
UK Regulatory
TIDMELCO
RNS Number : 1068T
Eleco PLC
23 March 2021
23 March 2021
Eleco plc
("Eleco", the "Company" or the "Group")
Appointment of Independent Non-Executive Director
Eleco plc, the AIM quoted construction software specialist, is
pleased to announce the appointment of Paul Boughton to the Board
as an Independent Non-Executive Director of the Company with
immediate effect.
Paul is currently Chair of Quartix Technologies plc, the
telematics and vehicle analytics company, having joined in 2014
ahead of its successful IPO. Paul has 30 years of executive
experience in identifying, negotiating and completing acquisitions
in the USA and Europe. Paul spent thirteen years as Business
Development Director for Spectris plc, and subsequently held
similar positions at IMI plc, Consort Medical plc and Brammer plc.
He was a Non-Executive director of London Bridge Software plc and
Raymarine plc earlier in his career. Paul has a BSc in Business and
Managerial Economics from the University of Hull and is a Fellow of
the Institute of Chartered Accountants.
Commenting on his appointment, Paul Boughton said:
"I am delighted to be joining Eleco at such a pivotal and
exciting time in its growth plans. I hope to contribute both to its
financial and strategic development, particularly in international
expansion."
Serena Lang, Executive Chairman, commented:
"On behalf of the Board, I would like to welcome Paul as an
Independent Non-Executive Director. Eleco will greatly benefit from
the wealth of commercial, financial and M&A experience that he
brings. As Chair of Quartix Technologies plc Paul is also familiar
with the QCA Code and has broad public company experience.
"Since I was asked to take over the role of Executive Chairman,
following the resignation of my predecessor in September 2020 , it
has been one of our key priorities to strengthen our Board, whilst
giving careful consideration to ensure we are bringing the right
expertise, independence and support to Eleco. Paul's extensive
M&A experience, knowledge of the US, German and Scandinavian
markets (as well as the UK) and of transitioning from a perpetual
to a SaaS/recurring revenue model, will add tremendous value to the
Board.
"Paul's appointment is testament to Eleco's rigorous commitment
to making quality appointments that will complement the Board and
support the Group's long-term growth. Over the course of the next
six months, the Board also plans to appoint another Independent
Non-Executive Director to further strengthen the leadership team at
Eleco."
For further information, please contact:
Eleco plc Tel: +44 (0)20 7422 8000
Serena Lang, Executive Chairman
Jonathan Hunter, Chief Executive Officer
Ben Moralee, Group Finance Director
finnCap Limited Tel: +44 (0)20 7220 0500
Geoff Nash / Kate Bannatyne / (Nomad)
Richard Chambers / Charlotte Sutcliffe (ECM)
SEC Newgate Tel: +44 (0)20 3757 6880
Elisabeth Cowell / Bob Huxford/ Isabelle Smurfit eleco@secnewgate.co.uk
About Eleco plc
Eleco plc is an AIM-listed (AIM: ELCO) specialist international
provider of software and related services to the Architectural,
Engineering, Construction and Owner/Operator (AECO) industries and
interior furnishing industries from centres of excellence in the
UK, Sweden, Germany, Netherlands and the US.
The Company's market-leading Elecosoft software solutions are
developed by teams in the United Kingdom, Sweden and Germany, and
its solutions cover project management, estimating, timber
engineering, CAD and visualisation, asset and facility management
and cloud-based digital marketing solutions.
For further information please visit www.eleco.com.
Regulatory Disclosures:
The following information regarding the appointment of Paul
Victor Boughton, age 65, is disclosed under Schedule 2(g) of the
AIM Rules for Companies:
Current directorships and/or Former directorships and/or partnerships
partnerships: (within the last five years):
Q uartix Holdings plc None
E sher Place Residents Limited
T uckwell Chase Lottery Limited
Missing People Limited
Shooting Stars Childrens Hospice
Chase Trading Limited
Shooting Star Marketing Limited
Mr Boughton has no shareholding in the Company.
There are no further disclosures required under Schedule 2(g) of
the AIM Rules for Companies.
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