WANdisco Plc Appointment of Interim Chief Executive (6724Y)
May 09 2023 - 1:00AM
UK Regulatory
TIDMWAND
RNS Number : 6724Y
WANdisco Plc
09 May 2023
9 May 2023
WANdisco plc
("WANdisco" or the "Company")
Appointment of Interim Chief Executive
WANdisco (LSE: WAND), the data activation platform, is pleased
to announce its intention to appoint Stephen Kelly as Interim Chief
Executive Officer (CEO) of WANdisco effective from 10 May 2023.
Stephen Kelly has significant experience of complex software and
technology businesses underpinned by strong partner and alliance
channels and direct sales skills. Stephen has an exceptional
leadership record, from start-ups to the largest organisations in
both private and public sectors in the USA and Europe. Following
early career experience gained in the European management team at
Oracle, Stephen joined start-up Chordiant in 1997 and served as CEO
of this NASDAQ listed business between 2001 and 2005. He served as
CEO of MicroFocus plc between 2006 and 2010, followed by a period
as Chief Operating Officer of the UK Government. Returning to the
private sector in 2014, Stephen then served as Chief Executive of
Sage plc until 2018.
Contiguous with the appointment of Stephen as Interim CEO, Ken
Lever will resume his position as Interim Non-Executive Chairman.
Stephen will assume overall executive responsibility for WANdisco,
with an initial focus on customers, channel partners and alliances,
the sales organisation, go-to-market strategy and building the
sales pipeline. Ken will continue to chair the Company's Board of
Directors, as well as continuing to chair the Board's
Investigations Committee, and will remain heavily involved with
workstreams focused on lifting the share suspension.
Stephen Kelly commented:
"As a passionate champion of UK Tech companies striving to
become Number 1 on the global stage, I am excited by the prospect
of joining WANdisco. I am a firm believer in the potential of
WANdisco's technology to become a market leader and, whilst there
is much work to be done, I have relished my previous UK listed
turnaround roles and am proud of the successful transformations,
profitable growth and value creation they have delivered. I believe
Ken has started the rescue, recovery and rebuild process well and,
as a team, we have the opportunity to build a high-quality, global
UK growth business delivering for all stakeholders."
Ken Lever added:
"The Board is delighted to have secured someone of Stephen's
calibre and track record to lead WANdisco forward. All of us remain
squarely focused on advancing the workstreams that are designed to
lift the current suspension in WANdisco's shares and position the
Company for long term success. I look forward to benefiting from
Stephen's energy and perspectives as we do so."
Stephen's appointment as Interim CEO is subject to the
completion of customary due diligence and the Company will make
further announcements, as appropriate. It is intended that Stephen
will serve as permanent CEO of WANdisco when the suspension of the
Company's shares can be lifted.
For further information, please contact:
+44 (0)20 3727
FTI Consulting 1137
Rob Mindell / Kwaku Aning / Matt
Dixon
+44 (0)20 7710
Stifel (Nomad and Joint Broker) 7600
Fred Walsh / Richard Short / Tom
Marsh
Liberum (Joint Broker)
+44 (0)20 3100
Max Jones 2000
About WANdisco
WANdisco is the data activation platform for accelerating
digital transformation at scale. WANdisco makes infinite data
actionable across clouds and enterprises in real time. WANdisco
customers unleash the business value of the cloud with zero
downtime, data loss, or disruption to fuel AI and machine learning,
create new
services, and transform businesses. For more information about WANdisco, visit www.wandisco.com
Footnote:
Stephen Kelly is a senior advisor to Blackrock LTPC, &
Isomer Accelerant, NED Chair of Optimize and Director of Locum's
Nest. He chairs the Science & Technology Honours Committee, is
a member of the main Honours committee and a member of the No 10
Downing Street Digital Fellowship Board.
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END
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