Board Changes

Board Changes

The Company is pleased to announce the appointment of Richard Laker as Chief Financial Officer and a Director of the Company.

Press Release

Utilitywise plc (AIM:UTW), a leading independent utility cost management consultancy, today announces that Jon Kempster, Chief Financial Officer, has decided to step down from the Board and leave the Group to pursue other career opportunities. Jon has made a significant contribution to the strengthening of the day-to-day finance function of Utilitywise, creating a strong team to support the Group’s growth, and the Board wishes him well in the future.

The Company is pleased to announce the appointment of Richard Laker as Chief Financial Officer and a Director of the Company. Richard joins Utilitywise from Augean plc where, in his role as Group Finance Director, he helped oversee the implementation of a new strategy, delivering double-digit annual growth in profit, operating cash flow and ROCE. Richard was previously at Northgate plc, where he held a number of senior finance roles between 2004 and 2014 including Group Financial Controller and, most recently, UK Finance Director. Prior to joining Northgate plc, Richard was at PricewaterhouseCoopers LLP where he qualified as a Chartered Accountant in 2001. Richard’s start date will be confirmed in a further announcement, until such time Jon will remain with the Group to ensure an orderly succession.

Simon Waugh has also been appointed to the Board, as Non-Executive Director and the Senior Independent Director, with effect from 1 November 2016. Simon has extensive experience in senior leadership roles, including seven years between 1997 and 2004 on the executive committee at Centrica plc as Sales & Marketing Director, helping transform British Gas into an international business with a market capitalisation of more than £10 billion. He was also Chief Executive Officer, Centrica Financial Services, in the early part of his tenure, before later becoming Deputy Managing Director, British Gas.

Jon Kempster is also standing down as Company Secretary with effect from 1 November 2016. Julianne McCorry, currently Assistant Company Secretary, has been appointed Company Secretary with effect from that date. Julianne is a Chartered Secretary (FCIS) and has had an extensive career in both the UK and France, holding a number of senior posts including Assistant Company Secretary of Unilever plc.

Geoff Thompson, Executive Chairman of Utilitywise, commented:

“On behalf of the Board, I would like to thank Jon for his significant contribution to the Group and I wish him all the best in the next chapter of his career.

“At the same time, I look forward to welcoming to the Board Richard Laker as our new CFO and Simon Waugh as Non-Executive Director and SID.  Richard has an exceptional track record, having supported the development of two fast-growing plcs, and I have no doubt he will continue in a similar vein at Utilitywise. Simon’s CV speaks for itself and it is testament to how far the Group has come since listing that we’re able to attract someone of his calibre.

“With Richard and Simon joining, and further to the recent appointment of Brendan Flattery as our new CEO on the 1st of October, I am confident that we have the right management team in place to lead the Group through this next exciting stage in its development.”

Brendan Flattery, CEO of Utilitywise, said:

“Utilitywise is a fast-growing and ambitious company and Richard and Simon each possess the right mix of skills and experience to help it thrive. I look forward to working closely with them both as we continue to develop our market leading procurement and energy services businesses.”

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

Mr Richard Stephen Laker (Age 40)

Current Directorships / Partnerships:

  • Augean plc
  • Augean Integrated Services Limited
  • Augean North Limited
  • Augean North Sea Services Limited
  • Augean South Limited
  • Augean Treatment Limited
  • Colt Holdings Limited
  • Colt Industrial Services Limited
  • Hitech Equipment Limited
  • RNA Investments Limited
  • Tueart Limited

Previous Directorships / Partnerships (held in the past five years):

  • A1 Self Drive (Warrington) Limited
  • Acorn Self Drive Limited
  • Adrian Truck Hire Limited
  • Anchor Vehicle Hire Limited
  • Autorentals (Cleveland) Limited
  • Beeston Van Hire Limited
  • Bellamour Car, Van & Truck Rental Limited
  • Betsafe Limited
  • British Overseas Stores Limited
  • Caledonian Self Drive Limited
  • Cartrux Vehicle Hire Limited
  • Cymru Vehicle Hire Limited
  • Daman Vehicle Rental Limited
  • Don Valley Self Drive Limited
  • Fleet Technique Limited
  • Foley Self Drive Limited
  • Goode Durrant & Murray Limited
  • Goode Durrant Administration Limited
  • GPS Body Repairs Limited
  • GWR Vehicle Hire Limited
  • Hampsons (Self Drive Hire) Limited
  • Imperial Self Drive Limited
  • John Nixon Vehicle Hire Limited
  • Lancashire Vehicle Rental Limited
  • Lathom Van Hire Limited
  • Lothian Self Drive Limited
  • LVR Rental Limited
  • Maincrest Vehicle Hire Limited
  • Mercia Vehicle Hire Limited
  • Mobility Car & Van Hire Limited
  • NLS Legal & Insolvency
  • Noble Vehicle Hire Limited
  • Norfleet Limited
  • Northgate (AVR) Dealership Rentals Limited
  • Northgate (AVR) Limited
  • Northgate Central Reservations Limited
  • Northgate Vehicle Hire (East Anglia) Limited
  • Northgate Vehicle Hire (East Midlands) Limited
  • Northgate Vehicle Hire (Home Counties) Limited
  • Northgate Vehicle Hire (Ireland) Limited
  • Northgate Vehicle Hire (NI) Limited
  • Northgate Vehicle Hire (North East) Limited
  • Northgate Vehicle Hire (North West) Limited
  • Northgate Vehicle Hire (Scot & Ni) Limited
  • Northgate Vehicle Hire (South East) Limited
  • Northgate Vehicle Hire (South) Limited
  • Northgate Vehicle Hire (Sw & W) Limited
  • Northgate Vehicle Hire (West Midlands) Limited
  • Northgate Vehicle Hire Limited
  • Northgate Vehicle Solutions Limited
  • NTR Vehicle Rental Limited
  • Orbital Self Drive Limited
  • Orchard Self Drive Limited
  • Provident Enterprises Limited
  • Sigma Self Drive Limited
  • Signal Vehicle Hire Limited
  • Solent Self Drive Limited
  • Strathclyde Self Drive Limited
  • Target Vehicle Hire Limited
  • Transline Vehicle Hire Limited
  • Trident Vehicle Hire Limited
  • Trukvan Rental Limited
  • UK Vehicle Rental Limited
  • Vickers (Northern) Limited
  • Vocas Limited
  • Weaverton Limited
  • Willdrive Limited
  • Willhire Services Limited

Mr. Laker does not currently hold any ordinary shares in the Company.

Mr Simon John Waugh (Age 58)

Current Directorships / Partnerships:

  • CMC Markets PLC
  • The Consulting Consortium Limited
  • Record Sure Limited
  • Gallagher Benefit Services (holdings) Limited
  • Gallagher Risk & Reward Limited
  • BMLL Technologies Limited
  • Age UK Trading CIC
  • Age UK Enterprises Limited
  • Age UK
  • Aid-Call Limited
  • Ingenuity Holdings Limited
  • Swaines Limited

Previous Directorships / Partnerships (held in the past five years):

  • Information Internet Limited
  • Sparks Charity
  • The Skills Show Ltd.
  • Partnership Home Loans Limited
  • Partnership Life Assurance Company Limited
  • Partnership Assurance Group Plc
  • Mydrive Solutions Limited

Mr. Waugh does not currently hold any ordinary shares in the Company.

There are no other disclosures required in relation to Rule 17 or paragraph (g) of Schedule 2 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

About Utilitywise

Utilitywise is a leading independent utility cost management consultancy based in Newcastle upon Tyne. The Group has established trading relationships with a number of major UK energy suppliers and provides services to its customers designed to assist them in achieving better value out of their energy contracts, as well as enabling reduced energy consumption and lower carbon footprint.

Businesses large and small rely on Utilitywise for their energy management needs. Clients range in size from single site SME’s to multinationals with thousands of sites and cover the whole of the UK. In total, Utilitywise has c.30,000 UK & I customers. The Group also has a European operation which is starting to build a presence in France, Germany, Belgium and Netherlands with a total customer base of c. 5,500.

Utilitywise

Posted by on Tuesday, the 18. October at 7.18

Utilitywise has been helping businesses manage their business utilities since 2006. With over 40,000 customers across Europe, we help businesses save time, save effort and save money by reducing their energy and water consumption.