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|
|KCS Connect Limited|
|JCS Management Services 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|