REG - Fulcrum Utility Srvc - Directorate Change
RNS Number : 6827KFulcrum Utility Services Ltd06 January 20216 January 2021
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, including the EV charging network, announces that Daren Harris, Chief Executive Officer, has today notified the Board that he is stepping down from the Board with immediate effect. Terry Dugdale, who was appointed to the Board as Chief Operating Officer in March 2019, will become Chief Executive Officer with immediate effect.
Daren Harris commented:
The business is well placed with strong market drivers and a robust balance sheet and its strategy is strongly positioned to capitalise on the UK's journey to net zero. Unfortunately, due to personal reasons, I need to step down from the business. I am delighted that Terry Dugdale has accepted the Board's invitation to step up to the role of Chief Executive Officer. Since joining the business, Terry has driven our operating efficiency and has made significant progress in preparing the business foundations for the future.
Terry Dugdale, Chief Executive Officer, commented:
I am extremely pleased to be given the opportunity to lead Fulcrum and deliver our growth strategy that supports the UK's net-zero future. I would like to thank Daren for his leadership over the last 12 months and also for his personal support since joining the business in June 2019.
Jennifer Babington, Non Executive Chairman, commented:
I would like to thank Daren for his significant contribution to leading the Group through a difficult period. We are delighted that Terry has agreed to step up into the CEO role and we look forward to driving the business forward together.
This announcement contains inside information.
Enquiries:
Fulcrum Utility Services Limited
Terry Dugdale, Chief Executive Officer +44 (0)114 280 4102
Jenny Cutler, Chief Financial Officer
Cenkos Securities plc (Nominated adviser and broker)
Max Hartley (Nomad) / Michael Johnson (Sales) +44 (0)20 7397 8900
N+1 Singer (Joint Corporate Broker)
Sandy Fraser / Rachel Hayes / Carlo Spingardi +44 (0)20 7496 3000
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 including the EV charging network. 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/
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDBOAUPURAGUPGGMA
Recent news on Fulcrum Utility Services
See all newsREG - FTSE Russell Fulcrum Utility Srvc - Fulcrum Utility Services
AnnouncementREG - Fulcrum Utility Srvc - Result of AGM
AnnouncementREG - Fulcrum Utility Srvc - Result of General Meeting
AnnouncementREG - Fulcrum Utility Srvc - Notice of GM
AnnouncementREG - Fulcrum Utility Srvc - Final Results
Announcement