IDOX PLC Directorate Change (4884P)
May 29 2018 - 1:48AM
UK Regulatory
TIDMIDOX
RNS Number : 4884P
IDOX PLC
29 May 2018
29 May 2018
Idox plc
('Idox' or 'the Group' or 'the Company')
Directorate Change
David Meaden appointed Chief Executive
Idox plc (AIM: IDOX), a leading supplier of specialist
information management solutions and services, today announces the
appointment of David Meaden as its new Chief Executive, subject to
completion of the customary regulatory procedures. David will join
Idox on 1 June 2018. This is a significant appointment for the
Group following the uncertainty over the Group's leadership in the
last six months.
David enjoyed a 22 year career, including 12 years as Chief
Executive, with Northgate Public Services (NPS) a leading supplier
of specialist software, information technology and business process
outsourcing services to public sector markets. NPS was a part of
Northgate Information Solutions (NIS), a FTSE 250 company, of which
David was a member of the PLC Board from 2004 through to the sale
of NIS to KKR, the US Private Equity firm in December 2007. He then
led the business through its successful sale to Cinven in 2014.
David has substantial experience of working with the UK Public
Sector and during his tenure with Northgate Public Services, grew
the business four fold to become a leading provider to Local
Government, Police, Healthcare and Central Government agencies,
employing around 2,300 staff across 8 UK locations and a
development centre in India. David has significant experience of
business transformation, software development, outsourcing and
M&A successfully integrating nine acquisitions during his time
at the helm.
He spent his early career in product management and sales at
Burroughs and Group Bull and has a degree in Business Studies from
the University of Huddersfield.
Richard Kellett-Clarke, who has been acting as Chief Executive
on an interim basis since December 2017 will hand over
responsibilities to David Meaden on 1 June and revert to his
previous role as a non-executive director at that time. The Board
expresses its thanks to Richard who stepped into the role at very
short notice and has played an important part in stabilising the
business and leading the various business reviews.
A further announcement regrading the appointment will be made in
due course, following completion of the customary regulatory
procedures.
David Meaden said:
"I am delighted to be joining Idox at this very important point
in its development. I have known Idox for many years as a leading
player in the public sector solutions and services market and am
confident that it has both attractive products and talented people.
I look forward to starting work in June and continuing the
transformation of the business."
Laurence Vaughan, Chairman of Idox said:
"We are delighted to have secured such as high calibre leader as
David Meaden as Idox's new Chief Executive. His previous experience
with the UK Public Sector and software development at Northgate
Public Services, where he was until recently Chief Executive, is
especially relevant.
"David will focus on returning Idox to good growth and better
profitability through continued focus on digital transformation and
high quality governance solutions for the public sector. With this
new leadership in place we can look forward to the future with
renewed confidence."
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No 596/2014.
Enquiries:
Idox plc +44 (0) 870 333 7101
Laurence Vaughan, Chairman
Richard Kellett-Clarke, Interim Chief Executive Officer
Jane Mackie, Chief Financial Officer
N+1 Singer (NOMAD and Broker) +44 (0) 20 7496 3000
Shaun Dobson
Liz Yong
MHP (Financial PR) +44 (0) 20 3128 8100
Reg Hoare / Charlie Barker
For more information see www.idoxplc.com
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END
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