Gamma Communications PLC Appointment of Chair (5768A)
May 25 2023 - 1:00AM
UK Regulatory
TIDMGAMA
RNS Number : 5768A
Gamma Communications PLC
25 May 2023
25 May 2023
Gamma Communications plc
("Gamma" or the "Company")
Appointment of Chair
Gamma announces that Martin Hellawell will be appointed as Chair
and Non-Executive Director of the Board with effect from 1 July
2023. He will replace Richard Last, who will step down from the
Board also on 1 July 2023 having served as Chair for nine years.
This is in line with our previous announcements on succession
planning for Richard.
Martin Hellawell will join Gamma following a long and highly
successful career in the IT industry. He is currently Non-Executive
Chair of Softcat plc, a position from which he will step down on 31
July 2023, as previously announced by Softcat. He is also
Non-Executive Chair of Raspberry Pi Limited, Non-Executive Chair of
AIM listed musicMagpie plc, and a Non-Executive Director of AIM
listed Team17 plc.
In his most recent executive role, Martin was Chief Executive of
Softcat from 2006 through to 2018 during which time the company
enjoyed a successful flotation on the London Stock Exchange in 2015
after many years of successive growth. Prior to Softcat, Martin
spent over a decade at Computacenter plc and its associated
companies where he was responsible for the marketing function, ran
Computacenter's French subsidiary and led acquisitions in the
United Kingdom, Belgium and Germany.
Commenting on the appointment, Henrietta Marsh, Senior
Independent Director said:
"The Board is delighted to have attracted a candidate with the
qualities and experience of Martin. His commercial track record and
industry background means he will provide outstanding direction and
support for the Board and management team as Gamma focuses on its
next stage of growth. We are all looking forward to working with
him.
On behalf of the whole Board, I'd like to thank Richard for his
exceptional service over the last nine years. Under his strategic
guidance, Gamma delivered its successful IPO in 2014 and has in
every year since seen growth in adjusted profit before tax and
dividends. At the same time, Richard has put in place the modern
governance and Board that serves the company today. We are grateful
to have benefitted from his experience and wisdom. He will be
greatly missed and we wish him well for the future."
Martin Hellawell, commenting on his appointment as Chair,
said:
"I am delighted to be joining Gamma as Chair. It is a business
that I have admired for some time - having established itself as a
market leader with outstanding client relationships and a strong
product portfolio. There are some exciting opportunities and I am
looking forward to working with the Board and management to help
Gamma capitalise on those in the times ahead."
Richard Last, departing as Chair, said:
"Gamma has achieved a huge amount since 2014 when it went
public, with a market cap of c GBP165m. Today, the business is
valued at over GBP1.1bn with operations across Europe and further
exciting opportunities ahead. I've enjoyed every moment working
with the fantastic team at Gamma and wish them every success going
forward. I've no doubt that Martin will provide remarkable
leadership as he takes Gamma on the next stage of its growth."
In accordance with Rule 17 and paragraph (g) of Schedule 2 of
the AIM Rules for Companies, Martin John Hellawell (aged 58) holds
or has held in the past 5 years the following directorships and
partnerships:
Current:
Softcat plc
Raspberry Pi Limited
musicMagpie plc
Team17 plc
Cherry Garden (Family Investment Company)
Past:
None
Martin Hellawell does not hold any shares in the Company.
There is no further information required to be disclosed in
respect of the above appointment pursuant to Schedule 2 (g) of the
AIM Rules for Companies.
Enquiries:
Gamma Communications plc Tel: +44 ( 0)333 006 5972
Andrew Belshaw, Chief Executive Officer
Bill Castell, Chief Financial Officer
Rachael Matzopoulos, Company Secretary
Investec Bank plc (NOMAD & Broker) Tel: +44 (0)207 597 5970
Patrick Robb / Virginia Bull
Teneo (PR Adviser) Tel: +44 (0)207 353 4200
James Macey White / Rebecca Hamer
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOAAIMLTMTTTBMJ
(END) Dow Jones Newswires
May 25, 2023 02:00 ET (06:00 GMT)
Gamma Communications (LSE:GAMA)
Historical Stock Chart
From Apr 2024 to May 2024
Gamma Communications (LSE:GAMA)
Historical Stock Chart
From May 2023 to May 2024