Appointment of Chief Executive Officer

Appointment of Chief Executive Officer

Further to the Proposed Board Changes announcement of 19 April 2016, Utilitywise plc (AIM:UTW), a leading independent utility cost management consultancy, announces the appointment of Brendan Flattery as Chief Executive Officer, effective 1 October 2016.

Press Release

Further to the Proposed Board Changes announcement of 19 April 2016, Utilitywise plc (AIM:UTW), a leading independent utility cost management consultancy, announces the appointment of Brendan Flattery as Chief Executive Officer, effective 1 October 2016.

Brendan joins Utilitywise from integrated accounting, payroll and payment systems market leader, The Sage Group plc (Sage“), where, as President, Europe, he was responsible for leading a 7,000-person business unit operating across 11 countries which generated annual revenues of circa £800 million from a customer base of more than two million. Former roles during his thirteen years at Sage included CEO, UK & Ireland, and Managing Director, Small Business and Mid-Market Divisions.

Prior to joining Sage, Brendan held senior positions at a number of businesses, including Yates Group plc, Intercare plc and Park Group plc.

As previously announced, Geoff Thompson, founder and current CEO of Utilitywise, will become Executive Chairman. Richard Feigen, who has chaired the Group since flotation in 2012, will remain on the Board as a Non-Executive Director.

Commenting on the announcement, Geoff Thompson, incoming Executive Chairman, said:

“Brendan has been the outstanding candidate from the outset and I’m delighted we have secured someone of his calibre to guide Utilitywise through its next phase of development. He brings with him significant experience of scaling up a leading, global enterprise-facing business and has an impressive track record of driving growth through innovation, which fits well with the culture we have forged at Utilitywise.

“I look forward to working with Brendan in my new role as Executive Chairman, which will enable me to focus on Group strategy and key client relationships whilst remaining firmly involved in the business.”

Brendan Flattery, incoming CEO, commented:

“This is an exciting time in the evolution of the Group. Although it has already made significant progress in building out its market leading procurement and energy services businesses, there remains considerable potential to generate further substantial growth across the Group. I very much look forward to working with the very strong executive team to realise that potential.”

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:

Mr Brendan Peter Flattery, aged 52:

Current Directorships / Partnerships: Previous Directorships / Partnerships (held in the past five years):
Sage Payments (UK) LTD. Apex Software Systems (UK) Limited
AccPac UK Limited  KCS Global Limited
KCS Global Holdings Limited  Apex24.com Limited
Multisoft Financial Systems Limited George Stamford Limited
Sage CRM Solutions Limited  Tide3 Limited
Tetra Limited Tide 1 Limited
Sage Hibernia Investments No.1 Limited Tide2 Limited
Snowdrop Systems Limited Hartley Computer UK Ltd
Sage Software LTD Tide5 Limited
Sage Enterprise Solutions Limited Taxsoft Limited
TAS Software Limited Pro-Pay Limited
Sage Hibernia Investments No.2 Limited Promis Software Limited
Sage (UK) LTD Tide7 Limited
KCS Management Systems Limited
Professional Accountants Computer Software Limited
Advanced Paypoint Solutions Limited
Tide6 Limited
KCS Connect Limited
Tide4 Limited
CSM Limited
JCS Management Services Limited
P.A.S.E. Limited
ATW Computer Services LTD
Quantec (Holdings) Limited
Pacs Holdings Limited
Hartley International Limited

There is no further information on Mr Flattery required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

For further information:

Utilitywise PLC 0330 303 0233
Geoff Thompson (Executive Chairman)
Brendan Flattery (Chief Executive Officer)
Jon Kempster (CFO)
finnCap (NOMAD and joint broker) 020 7220 0500
Matt Goode / Grant Bergman (Corporate Finance)
Simon Johnson (Corporate Broking)
Liberum (Joint broker) 020 3100 2000
Robert Morton / Steve Pearce
Redleaf Communications 020 7382 4730
Rebecca Sanders-Hewett / David Ison / Susie Hudson

Posted by on Tuesday, the 9. August at 8.05