REG - essensys PLC - CEO Appointment

essensysAnnouncement

13/03/2025 07:15

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RNS Number : 4676A  essensys PLC  13 March 2025

13 March 2025

essensys plc

("essensys" or the "Company")

 

CEO Appointment

 

essensys plc (AIM:ESYS), the leading global provider of software and
technology to the flexible workspace industry announces that Mark Furness has
decided to retire as Chief Executive Officer, after founding essensys in 2006
and leading the business since launch.  Mark Furness will be succeeded by
James Lowery, Chief Operating Officer, who will take over as Chief Executive
Officer on 1 May 2025.

James joined essensys in February 2022 as CEO, UK & Europe and was
promoted to Chief Operating Officer in March 2024.  Previously, he co-founded
and scaled British Land's Storey, a leading flexible office brand.  With a
background in strategy consulting at Booz & Company, he specialises in
real estate innovation.  James holds an MBA from London Business School and
an MEng from Imperial College London.

Mark will continue as essensys' Chief Executive Officer until 1 May 2025, to
support James through the transition process until he takes over as Group
Chief Executive.  Mark will remain on the Board of the Company and will move
to a new role as a non-independent non-executive director of essensys with
effect from 1 May 2025.

Jon Lee, Non-Executive Chairman of essensys said:  "Mark has defined
essensys' culture, direction and strategy over the past two decades,
transforming it into a leading global software and technology company within
the flexible workspace industry.  Having returned essensys to profit and cash
generation, Mark leaves an exceptional product suite, a first-rate team and a
strong platform to capture the flexible workspace opportunity.  On behalf of
the Board and on a personal level, I would like to thank Mark for his enormous
energy and contribution to essensys over the last two decades."

" I am delighted that James will become the next Chief Executive Officer.
 James has a proven track record in scaling innovative real estate solutions
and his background in consulting brings a unique perspective to our team. We
believe that James is the perfect leader for essensys as it enters an exciting
next phase.  I look forward to working with James to build on the momentum in
the business."

Mark said:  "As part of our long-term succession planning, it is absolutely
right that the next Chief Executive Officer of essensys is our current Chief
Operating Officer, James Lowery, who has proved his leadership credentials to
our people and customers consistently since he joined.  I am confident that
James has the know-how and skillset to take essensys to the next phase, now
that we have an exceptional product suite for the flexible workspace
industry.  I am looking forward to working with James as part of a smooth
handover."

James said: "I am delighted to have been selected as essensys' next Chief
Executive Officer and excited by the opportunity to lead an outstanding team
with products that meet our customers' needs in the flexible workspace
industry."

 

For further information, please contact:

 essensys plc                                                 +44 (0)20 3102 5252
 Mark Furness, Chief Executive Officer
 Greg Price, Chief Financial Officer
 Singer Capital Markets (Nominated Adviser and Broker)        +44 (0)20 7496 3000
 Peter Steel / James Fischer
 FTI Consulting
 Jamie Ricketts / Eve Kirmatzis / Usama Ali                   +44 (0)20 3727 1000

 

Additional information in respect of the AIM Rules

 

The following information regarding the appointment of James Andrew Lowery,
aged 45, is disclosed under Rule 17 and Schedule 2(g) of the AIM Rules for
Companies:

 

 Current Directorships  Previous Directorships (within the last five years)
 essensys (UK) Limited  Storey Spaces Limited
                        Storey Offices Limited

 

As at the date of this announcement, James Lowery does not hold any ordinary
shares in the Company but does hold 649,740 options in essensys plc.

 

Save as set out above there are no further disclosures pursuant to Rule 17 or
Schedule 2(g) of the AIM Rules for Companies in respect of
the appointment of James Lowery.

 

 

About essensys plc

 

Founded in 2006 and listed on the London Stock Exchange AIM Market, essensys
is a leading global provider of software and technology to the commercial real
estate industry.

 

Partnering with many of the world's leading landlords and flexible workspace
operators, essensys delivers innovative digital experience (DX) solutions that
drive occupancy, maximise yield and reduce operating costs. Its flagship
products, essensys Platform and elumo, solve the complex challenges of
managing physical and digital access in dynamic multi-tenant environments,
while delivering deep space utilisation insights and transformative digital
experiences.

 

With a focus on Access, Intelligence & Experience, essensys' products
enable real estate leaders to unlock the full potential of their portfolios in
today's flexible, hybrid world while ensuring they stay ahead in an era of
dynamic workplace evolution.

 

 

 

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