REG - essensys PLC - Board Changes

essensysAnnouncement

03/02/2022 07:00

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RNS Number : 5301A  essensys PLC  03 February 2022

3 February 2022

 

essensys plc

("essensys" or the "Group")

Board changes

Alan Pepper to be appointed as COO and Sarah Harvey to join as CFO

essensys plc, the leading global provider of mission-critical software and
technology to the flexible workspace industry, announces a planned evolution
of its senior management team to accompany the next stage of the Group's
growth. This extension of the senior management team reflects the significant
expansion of essensys in recent years, and follows the conclusion of the
Group's successful £33 million fundraise in July 2021. It is anticipated that
these changes will take place by the end of the Group's current financial year
(31 July 2022).

Alan Pepper, currently Chief Financial Officer and Chief Operating Officer
will at that point assume the newly created stand alone role of Chief
Operating Officer ("COO").

Sarah Harvey will join essensys as Chief Financial Officer ("CFO") from Virgin
Media O2, where she currently holds the role of Operations Finance Director.
Sarah is an experienced finance professional, having qualified in 2002 as a
Chartered Accountant with PwC, and latterly was a Director in their
Transaction Services, Capital Markets team, leading all aspects of listed
company transactions including acquisitions, disposals, IPOs and fund
raising.  She has spent the last five years in a number of senior roles
within Telefonica UK (now Virgin Media O2), including as Commercial Finance
Director and two years as Chief Financial Officer of giffgaff where she
oversaw significant revenue and profit growth.

In his new role, Alan Pepper will oversee the Group's central operations and
commercial activities, reporting to Mark Furness, Chief Executive Officer.
Alan will remain on the Group's board of directors, which Sarah will join on
appointment.

Jon Lee, Non-Executive Chairman of essensys, said:

"I am very excited by the evolution of our management team, to add capacity to
essensys' growth ambitions.  Alan Pepper has been integral to the growth and
success of essensys in the last five years. Alan's understanding of the
complex operational challenges we solve in the flexible workspace industry
makes him the best and obvious candidate to lead our mission-critical
operations. I am delighted to welcome Sarah Harvey to essensys.  She brings a
wealth of relevant expertise and is extremely well qualified to oversee the
continued financial management of the Group. This new management structure
comes at a significant point in essensys' growth journey, and ensures that we
have the right people in the right roles to further enable us to achieve our
goals and deliver the next phase of our ambitious expansion plan."

Additional disclosures relating to the appointment of Sarah Harvey to the
essensys Board are included below.

For further information, please contact:

 essensys plc                                                      +44 (0)20 3102 5252
 Mark Furness (Chief Executive Officer)

Alan Pepper (Chief Financial Officer)
 Singer Capital Markets (nominated adviser and joint broker)       +44 (0)20 7496 3000
 Peter Steel / Harry Gooden / George Tzimas
 Berenberg (joint broker)                                          +44 (0)20 3207 7800
 Ben Wright / Mark Whitmore
 FTI Consulting (public relations adviser)                         +44 (0)20 3727 1000
 Jamie Ricketts / Eve Kirmatzis / Talia Jessener / Victoria Caton

 

About essensys plc

essensys is the leading global provider of mission-critical SaaS platforms and
on-demand cloud services to the high growth flexible workspace industry.
essensys' software is specifically designed and developed to help solve the
complex operational challenges faced by multi-site flexible workspace
operators as they grow and scale their operations. The Group's technology
allows operators to deliver a range of differentiated, flexible and
customer-specific services to a broad base of tenants across multiple
locations and helps operators to manage the cost, operational and
technological challenges they typically encounter.

essensys' Flex Services Platform, addresses these complex operational
challenges, and reduces costs by simplifying the day-to-day management of
flexible workspaces and the provision of on-demand IT, technology and
infrastructure services to tenants. essensys' platforms automate key tasks and
processes and help flexible workspace providers deliver highly efficient,
customer-centric workspace solutions and member experiences with enterprise
class services.

Additional disclosures required under the AIM Rules for Companies

Sarah Lesley Harvey (previously Sarah Lesley Mason) (aged 46) does not hold
any current directorships or partnerships nor have any previous directorships
or partnerships been held in the past five years.

Sarah Harvey does not currently hold any ordinary shares in the Group.

There are no additional disclosures required under Rule 17 and Schedule 2(g)
of the AIM Rules for Companies.

 

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