REG - Eleco PLC - Directorate Change

ElecoAnnouncement

23/10/2023 07:15

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RNS Number : 8841Q  Eleco PLC  23 October 2023

23 October 2023

 

Eleco Plc

("Eleco" or the "Company")

Directorate Change

Further to the announcement on 5 May 2023, the Board of Eleco plc (AIM: ELCO),
the AIM-listed specialist software provider for the built environment,
announces that it has completed a full and broad recruitment process for the
role of Non-Executive Chair, with the support of an independent executive
search agency.

As a result of this process, the Board is pleased to announce that Mark
Castle, who was acting as Interim Chair, has been appointed as the permanent
Chair of the Board with immediate effect.  Mark who joined the industry as an
apprentice in 1981, is currently a Non-Executive Director at FTSE 100
housebuilder, Taylor Wimpey and also a Non-Executive Director at Mace Group,
the global consulting and construction group.  He also chairs the private
equity funded business, Triangle Fire Group.

The recruitment process for additional independent Non-Executive Directors
will continue, and a further announcement will be made in due course.

Commenting, Mark Castle said:

"I am delighted to have been appointed as Chair of Eleco plc.  Having worked
with the Board over the last two years through its successful SaaS transition,
the business is well placed to deliver on its expansion plans via both M&A
and organic growth"

Commenting, Jonathan Hunter, Chief Executive Officer said:

"Despite having a field of strong candidates in the recruitment process, the
in-depth knowledge of the built environment and wider industry which Mark
brings with him are simply unparalleled. He has proven himself to be an
excellent Chair of the Board over the last five months and his expertise will
be invaluable as Eleco seeks to expand its market presence and strengthen
customer relationships."

 

For further information, please contact:

 Eleco plc                                                    +44 (0)20 7422 8000
 Jonathan Hunter, Chief Executive Officer
 Neil Pritchard, Chief Financial Officer

 Cavendish Capital Markets Limited                            +44 (0)20 7220 0500
 Geoff Nash/ Emily Watts/ Seamus Fricker (Corporate Finance)
 Charlotte Sutcliffe / Harriet Ward (ECM)

 

About Eleco plc

Eleco plc is an AIM-listed (AIM: ELCO) specialist international provider of
software and related services to the built environment through its operating
brands Elecosoft, BestOutcome and Veeuze from centres of excellence in the UK,
Sweden, Germany, the Netherlands and the US.

 

The Company's software solutions are trusted by international customers and
used throughout the building lifecycle from early planning and design stages
to construction, interior fit out, asset management and facilities management
to support project management, estimation, visualisation, Building Information
Modelling (BIM) and property management.

 

For further information please visit www.eleco.com
(http://www.elecosoft.com/) .

 

 

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