Fulcrum Utility Services Ltd Directorate Change (1491I)
December 10 2020 - 1:00AM
UK Regulatory
TIDMFCRM
RNS Number : 1491I
Fulcrum Utility Services Ltd
10 December 2020
10 December 2020
FULCRUM UTILITY SERVICES LIMITED
("Fulcrum" or "the Group")
Directorate Changes
Fulcrum Utility Services Limited, a leading independent
multi-utility infrastructure and services provider focused on
delivering infrastructure for the UK's net-zero future, announces
that Phil Holder, Non-Executive Chairman, has notified the Board
that he is stepping down from the Board with immediate effect, in
accordance with the Company's previously announced succession
plan.
Jennifer Babington, who was appointed as Non-Executive Director
in May 2020, will become Non-Executive Chairman with immediate
effect. Furthermore, Stephen Gutteridge will now remain on the
Board as an independent Non-Executive Director until a suitable
replacement is found.
Phil Holder commented:
"The business is now well placed with an experienced executive
leadership team, strong market drivers, a robust balance sheet, and
is thus strongly positioned to capitalise on the UK's journey to
net-zero. Now is therefore the right time for the Board to
transition to new fresh leadership and I am delighted that Jennifer
Babington has accepted the Board's invitation to step up to the
role of Non-Executive Chairman. Since joining the business she has
impressed me with the energy and insight that she has been able to
bring to the Board and I wish her and the business every
success."
Jennifer Babington, Non-Executive Chairman, commented:
"I am delighted by the opportunity to lead Fulcrum in an
extremely exciting period in its development as we position the
business to deliver infrastructure that supports the UK's net-zero
future. None of this would be possible without the significant
contribution that Phil has made to the business over the past 10
years. I would like to thank him for that and for the personal
support he has provided to me in the time that we have worked
together."
Enquiries:
+44 (0)114 280
4102
Fulcrum Utility Services Limited
Daren Harris, Chief Executive Officer
+44 (0)20 7397
Cenkos Securities plc (Nominated adviser and broker) 8900
Max Hartley (Nomad) / Michael Johnson (Sales)
N+1 Singer (Joint Corporate Broker) +44 (0)20 7496
Sandy Fraser / Rachel Hayes / Carlo Spingardi 3000
Notes to Editors:
Fulcrum is a multi-utility infrastructure and services provider.
The Group operates nationally with its head office in Sheffield, UK
and its main business is the design, build, ownership and
maintenance of energy connections and their related utility
infrastructure. The Group's offering also extends to smart meter
ownership and exchange programmes, and the selective ownership and
maintenance of utility networks and infrastructure.
https://investors.fulcrum.co.uk/
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END
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