REG - itim Group PLC - Board Changes

ITIMAnnouncement

07/11/2024 07:00

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RNS Number : 2121L  itim Group PLC  07 November 2024

7 November 2024

 

itim Group plc

 

("itim" or "the Company" and together with its subsidiaries "the Group")

 

Board Changes

 

itim Group plc, a SaaS based technology company that
enables store-based retailers to optimise their businesses to improve
financial performance, announces the appointment of Dennis Layton as
Non-Executive Director of the Board, with immediate effect.

 

Dennis is a highly accomplished senior advisor and executive, with extensive
experience in management consulting and organisational transformation. He
currently serves as a Senior Advisor at McKinsey & Company in London
working in a diverse range of sectors.  Dennis previously led the
Organisation Practice in the UK & Ireland at McKinsey and pioneered
diversity and human capital strategies.

 

Previously, Dennis was a Partner at Oliver Wyman, where he led agile
organisational transformations for major financial, media, and
telecommunications companies. His earlier tenure at EY saw him as Deputy
Global Leader of People Advisory Services, driving significant growth and
strategic initiatives. Dennis also founded and served as CEO of Ikon Exchange,
a platform enabling fractional ownership of fine art held by museums.

 

Ali Athar, CEO, said: "We are delighted to welcome Dennis, whose expertise in
management consulting and organisational transformation will be invaluable as
we continue to optimise retail performance and drive growth. His impressive
track record, spanning roles at top consulting firms like McKinsey, Oliver
Wyman, and EY, demonstrates his ability to navigate complex challenges and
deliver significant business impact. His knowledge of agile transformation and
human capital strategies aligns perfectly with our mission to empower
store-based retailers to achieve financial success."

 

Additional information

The following information is being disclosed pursuant to Rule 17 and paragraph
(g) of Schedule 2 of the AIM Rules for Companies.

Dennis Claude Layton, aged 57, does not own any shares in the Company nor any
rights to subscribe to any shares in the Company.

 

A list of Dennis' current directorships and partnerships together with those
held within the last five years is set out below:

 

 Current appointments          Appointments within previous 5 years:
 Jermyn Street Partners        Ikon Exchange Limited
 Lokbowicz Collections O.P.S.

 

Save as set out above there are no further disclosures required pursuant to
Rule 17 or Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

Enquiries:

 

 Itim Group plc             Ali Athar, CEO      0207 598 7700

                            Ian Hayes CFO

 Zeus (NOMAD & Broker)      Katy Mitchell       0203 829 5000

                            Harry Ansell

                            Darshan Patel

 IFC Advisory               Graham Herring      0207 3934 6630

                            Florence Chandler

 

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

 

ABOUT ITIM

itim was established in 1993 by its founder, and current Chief Executive
Officer, Ali Athar. itim was initially formed as a consulting business,
helping retailers effect operational improvement. From 1999 the Company began
to expand into the provision of proprietary software solutions and by 2004 the
Company was focused exclusively on digital technology. itim has grown both
organically and through a series of acquisitions of small, legacy retail
software systems and associated applications which itim has redeveloped to
create a fully integrated end to end Omni-channel platform.

 

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