dotDigital Group plc Board Changes (6563E)
July 20 2016 - 1:00AM
UK Regulatory
TIDMDOTD
RNS Number : 6563E
dotDigital Group plc
20 July 2016
FOR IMMEDIATE RELEASE 20 JULY 2016
dotdigital Group plc
("dotdigital" or the "Company")
BOARD CHANGES
Milan Patel appointed as Chief Executive Officer
dotdigital Group Plc (AIM:DOTD), the leading provider of
intuitive Software as a Service ("SaaS") and managed services to
digital marketing professionals, announces that Simone Barratt will
not be returning to the business following a period of illness.
Milan Patel, currently interim Chief Executive Officer (CEO), has
formally been appointed as CEO with immediate effect.
It was announced in January 2016 that Simone Barratt was taking
extended absence from her role as CEO due to her treatment. Simone
is stepping down from her position in dotdigital with immediate
effect, allowing her to focus fully on her recovery.
Milan Patel will remain in his existing role as CFO until the
Board concludes its search for a suitable CFO replacement. Milan
will continue to be supported by George Kasparian, Non-Board
Finance Director and his finance team. Milan will also have
additional support from Board director Peter Simmonds until such
time as a new CFO has been appointed. Milan will continue to manage
the business through the senior Operational Board which includes
Phil Draper, CMO, Sharon Head, COO, and Steve Shaw, CTO. Tink
Taylor, one of the co-founders and Board Director, will also assist
Milan and the Operational Board in the development of international
markets.
Commenting on the announcement, Chairman, Frank Beechinor said:
"The Board would like to thank Simone for her tremendous efforts at
dotdigital, initially as a Non-Executive Director and latterly, in
her role as CEO. Simone's experience in the global email marketing
space was invaluable during the initial stages of dotdigital's
international expansion strategy. On behalf of the Board and the
team at dotdigital, I wish Simone well in her continued recovery
and in her future endeavours.
The Board is delighted that Milan has agreed to formerly take on
the role of CEO on a permanent basis. Milan has been with
dotdigital for nearly nine years and has been a key member of the
management team in the successful evolution of the business during
this period. He has acquitted himself well in his time as interim
CEO during Simone's absence, as illustrated by Friday's strong
trading statement. Milan is well respected by the Operational Board
and the workforce and has been instrumental in supporting the rapid
organic growth of the Company, and, in particular, over the last
three years as the business has expanded internationally.
With a strong team in place under Milan's leadership the Board
is confident that dotdigital will continue to go from strength to
strength."
For further enquiries please contact:
dotdigital Group Plc Tel: 020 8662 2777
Milan Patel, CEO & CFO
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Financial PR and Investor Tel: 07721 413
Relations 496
Lisa Baderoon
Lisa.Baderoon@dotmailer.com
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N+1 Singer (Nominated Tel: 020 7496 3000
Adviser and Joint Broker)
Shaun Dobson, Head of
Corporate Finance
Liz Yong, Corporate Finance
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finnCap (Joint Broker) Tel: 020 7220 0500
Stuart Andrews, Corporate
Finance
Rhys Williams, Sales
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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July 20, 2016 02:00 ET (06:00 GMT)