REG - Cerillion PLC - Board Retirement and Proposed Appointment

CerillionAnnouncement

14/12/2021 07:00

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RNS Number : 5081V  Cerillion PLC  14 December 2021

 

AIM: CER

Cerillion plc

("Cerillion" or "Company" or "Group")

 

Board Retirement & Proposed Appointment

 

Cerillion plc, the billing, charging and customer relationship management
software solutions provider, is pleased to announce the appointment to the
Board of Andrew Dickson as Chief Financial Officer, subject to the
satisfactory completion of regulatory due diligence. The forthcoming
appointment follows Oliver Gilchrist's decision to step down and retire from
the Company following twenty years as Chief Financial Officer of Cerillion.
These Board changes will take effect from the Company's upcoming AGM to be
held on 4 February 2022. There will be a handover period between Oliver and
Andrew to ensure a smooth transition.  A further announcement will be made in
due course following completion of the regulatory due diligence in respect of
Andrew's appointment.

 

The Board would like to take this opportunity to place on record its grateful
thanks to Oliver for his significant contribution to the Company. He has been
instrumental in the successful growth and development of the business from
almost its inception until today.

 

Andrew Dickson, FCA, aged 41 years, is an experienced finance director, who
has worked in both the UK and USA. He joins Cerillion from The Vitec Group
plc, the London-listed global provider of premium-branded hardware and
software solutions to the content creation market, where he was Director of
Finance. Andrew joined The Vitec Group plc in 2015 and held a number of key
finance roles, including  finance director of a subsidiary business, before
taking responsibility for managing the head office team covering all financial
reporting, financial planning and analysis, tax and treasury. This included
overseeing financial reporting for the Group's three divisions, with
operations across eleven countries. At The Vitec Group plc, he has also been
closely involved in M&A activity, including acquisitions, integrations and
successful disposals.

 

In his earlier career, Andrew worked for Smith Group plc, the FTSE 100
international engineering business, headquartered in London, and qualified as
a chartered accountant with Deloitte LLP.  Andrew holds a degree in
Materials, Economics and Management from the University of Oxford.

 

Louis Hall, CEO of Cerillion plc, commented:

 

"Oliver has made an outstanding contribution to Cerillion in his role as Chief
Financial Officer over two decades.  During this time, he has been a valued
and dedicated member of the team, and has helped support the Company's
successful growth, especially since IPO in 2016.  On behalf the Chairman, my
fellow Board directors, and everyone at Cerillion, I would like to thank him
for his major contribution and to wish him all the very best for his
retirement.

 

"We are pleased to welcome Andrew to the Board, subject to the completion of
regulatory due diligence. He is a talented individual with a strong track
record and a wealth of relevant experience. We look forward to working with
him when he joins the Board in February 2022."

 

 

For further information, please contact:

 

 Cerillion plc                                c/o KTZ Communications

 Louis Hall, CEO, Oliver Gilchrist, CFO       T: 020 3178 6378

 Liberum (Nomad and Broker)                   T: 020 3100 2000
 Bidhi Bhoma, Cameron Duncan, William Hall

 KTZ Communications                           T: 020 3178 6378
 Katie Tzouliadis, Dan Mahoney

 

About Cerillion

 

Cerillion has a 22-year track record in providing mission-critical software
for billing, charging and customer relationship management ("CRM"), mainly to
the telecommunications sector but also to other markets, including utilities
and financial services. The Company has c. 80 customer installations across c.
45 countries.

 

Headquartered in London, Cerillion has operations in Pune, India, where its
Global Solutions Centre is located, as well as operations in Bulgaria, USA and
Australia.

 

The business was originally part of Logica plc before its management buyout,
led by CEO, Louis Hall, in 1999. The Company joined AIM in March 2016.

 

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