Ingenta PLC Senior Management Appointments (2187Q)
November 28 2016 - 1:00AM
UK Regulatory
TIDMING
RNS Number : 2187Q
Ingenta PLC
28 November 2016
28 November 2016
Ingenta plc
("Ingenta" or the "Company")
Senior Management Appointments
The Board is pleased to announce that, following an initial
review of potential candidates, Jon Sheffield, currently Financial
Controller of Ingenta plc, will be appointed as Interim Chief
Financial Officer, effective from 1 January 2017. Jon will attend
plc Board Meetings and will be responsible for the finalisation and
audit of the 2016 results and the budget for 2017 with the support
of Alan Moug, Ingenta's current Chief Financial Officer, who as
previously announced, will be leaving the business on 31 December.
Jon qualified as a chartered accountant in 2001 before joining
Ingenta in January 2010.
The Board is also pleased to announce the appointment of Kathryn
Layland as Executive Vice President of Business Development,
marking the latest phase in the refocusing of the management at
Ingenta since the appointment of David Montgomery as Chief
Executive Officer just over a year ago. With experience in
publishing and in software sales to the publishing industry,
Kathryn will lead a newly-formed sales unit responsible for selling
Ingenta's product lines into global markets, reflecting the growing
focus on appealing to a wider range of content owners.
In particular, there is a growing emphasis on providing our
products on a standardised, software-as-a-service basis which
reduces project risk, accelerates project completions and provides
a higher level of recurring revenue and margins. The success of
this strategy is already becoming evident as the last 6 sales this
year with total contract value of over GBP2m have all been for
software provided mainly on this basis.
David Montgomery, CEO, commented:
"I am delighted that we have been able to provide an opportunity
for a member of our existing finance team to step up to a more
senior position. It is also a measure of the growing momentum at
Ingenta that we have been able to attract an industry player of the
calibre of Kathryn Layland, with over 10 years' experience of
selling software to international publishing organisations, to
become a member of our senior management team. These appointments
mean that, in just over a year, 15 of the 19 senior management
positions have been filled through new hires or internal
promotions, and we have the right people in the right places as our
business continues to make progress."
For further information, please contact:
David Montgomery
Ingenta plc, Tel: 01865 397 800
Nicholas Wells
Elizabeth Bowman
Cenkos Securities plc, Tel: 0207 397 8900
This information is provided by RNS
The company news service from the London Stock Exchange
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