REG - Fulcrum Utility Srvc - Directorate Change

Fulcrum Utility ServicesAnnouncement

10/12/2020 07:00

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RNS Number : 1491I  Fulcrum Utility Services Ltd  10 December 2020

10 December 2020

FULCRUM UTILITY SERVICES LIMITED

("Fulcrum" or "the Group")

Directorate Changes

 

Fulcrum Utility Services Limited, a leading independent multi-utility
infrastructure and services provider focused on delivering infrastructure for
the UK's net-zero future, announces that Phil Holder, Non-Executive Chairman,
has notified the Board that he is stepping down from the Board with immediate
effect, in accordance with the Company's previously announced succession plan.

 

Jennifer Babington, who was appointed as Non-Executive Director in May 2020,
will become Non-Executive Chairman with immediate effect. Furthermore, Stephen
Gutteridge will now remain on the Board as an independent Non-Executive
Director until a suitable replacement is found.

Phil Holder commented:

"The business is now well placed with an experienced executive leadership
team, strong market drivers, a robust balance sheet, and is thus strongly
positioned to capitalise on the UK's journey to net-zero. Now is therefore the
right time for the Board to transition to new fresh leadership and I am
delighted that Jennifer Babington has accepted the Board's invitation to step
up to the role of Non-Executive Chairman. Since joining the business she has
impressed me with the energy and insight that she has been able to bring to
the Board and I wish her and the business every success."

Jennifer Babington, Non-Executive Chairman, commented:

 

"I am delighted by the opportunity to lead Fulcrum in an extremely exciting
period in its development as we position the business to deliver
infrastructure that supports the UK's net-zero future. None of this would be
possible without the significant contribution that Phil has made to the
business over the past 10 years. I would like to thank him for that and for
the personal support he has provided to me in the time that we have worked
together."

 

Enquiries:

 Fulcrum Utility Services Limited                       +44 (0)114 280 4102

 Daren Harris, Chief Executive Officer

 Cenkos Securities plc (Nominated adviser and broker)   +44 (0)20 7397 8900

 Max Hartley (Nomad) / Michael Johnson (Sales)

 N+1 Singer (Joint Corporate Broker)                    +44 (0)20 7496 3000

 Sandy Fraser / Rachel Hayes / Carlo Spingardi

Notes to Editors:

Fulcrum is a multi-utility infrastructure and services provider. The Group
operates nationally with its head office in Sheffield, UK and its main
business is the design, build, ownership and maintenance of energy connections
and their related utility infrastructure. The Group's offering also extends to
smart meter ownership and exchange programmes, and the selective ownership and
maintenance of utility networks and infrastructure.
https://investors.fulcrum.co.uk/

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