Inspired Energy PLC Board Changes (2515T)
October 11 2017 - 1:00AM
UK Regulatory
TIDMINSE
RNS Number : 2515T
Inspired Energy PLC
11 October 2017
11 October 2017
Inspired Energy plc
("Inspired Energy" or the "Group")
Board Changes
Inspired Energy (AIM: INSE), a leading UK energy procurement
consultant to UK and Irish corporates and SMEs, announces the
following Board changes:
Janet Thornton, Chief Executive Officer, has, due to personal
reasons, resigned and will step down from the Board with immediate
effect. Mark Dickinson, Chief Operating Officer of the Group, has
been appointed Chief Executive Officer with immediate effect.
In addition, in order to stream-line the operation of the Board,
David Foreman, Corporate Development Director, has stepped down
from the Board with immediate effect. David will remain in his
current role with the Group and participate in operational board
meetings.
Commenting on the Board changes, Michael Fletcher, Non-Executive
Chairman, said: "On behalf of the Board, I would like to thank
Janet for her years of dedication to the Group, from founding the
Company 17 years ago to leading the IPO of the business on AIM in
2011, she has been an intrinsic part of the success to date. During
this time the Company has grown from a small enterprise with 31
staff and an initial market capitalisation of GBP11 million to one
currently in excess of GBP100 million with offices in the U.K. and
Ireland and with over 260 employees. We would also like to thank
David for his contribution as a Board member over the past six
years."
"We are delighted that Mark Dickinson, who joined the Board in
September 2016, will today assume the role of Chief Executive
Officer of the Group. Mark's experience as an energy consultancy
specialist, with over 20 years of leading and advising companies in
the sector, will be invaluable in the next phase of the Company's
continued development. With the Group structure now firmly
embedded, and a proven strategy which combines organic growth with
selective acquisitions, we have a very strong platform from which
to continue our growth, as demonstrated in the robust performance
of the Group in the first half of 2017."
Following the above changes, the Board will comprise Mark
Dickinson (Chief Executive Officer), Paul Connor (Finance Director)
and Matthew Thornton (Sales Director) in an executive capacity and
Michael Fletcher (Non-Executive Chairman) and Richard Logan
(Independent Non-Executive Director) as non-executive
directors.
It is a stated aim of the Group to adopt a corporate governance
approach in line with the size and complexity of the Group, with
particular focus on the Board composition. Accordingly, the Board
is keen to ensure that there are an equal number of executive and
non-executive directors and is actively seeking to appoint one
additional independent non-executive director to the Board in due
course. The Group has an established acquisition strategy in place
and the strong performance in the first half of 2017 has continued
with the Group trading in line with the Board's expectations.
Enquiries:
Inspired Energy plc www.inspiredenergy.co.uk
Mark Dickinson (Chief Executive +44 (0) 1772 689250
Officer)
Paul Connor (Finance Director)
Shore Capital (Nominated Adviser
and Joint Broker)
Dru Danford
Edward Mansfield +44 (0) 20 7408 4090
Panmure Gordon (Joint Broker)
Ben Thorne
James Stearns +44 (0) 20 7886 2500
Gable Communications +44 (0) 20 7193 7463
Justine James +44 (0) 7525 324431
John Bick inspired@gablecommunications.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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