REG - Quartix Technologies - Directorate Change

Quartix TechnologiesAnnouncement

21/07/2021 07:00

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RNS Number : 8972F  Quartix Technologies PLC  21 July 2021

Quartix Technologies plc

("Quartix", "the Group" or "the Company")

CEO Succession

 

Quartix Technologies plc, a leading supplier of subscription-based vehicle
tracking systems, software and services in the UK, is pleased to announce the
appointment of Richard Lilwall as successor to Andy Walters, who will retire
following 20 years' service to the Company as co-founder, Managing Director
and CEO but will remain a Non-Executive Director. Mr Lilwall will join the
Company as Chief Executive Officer and as a member of its plc Board in early
October.

 

Richard is currently VP and European Managing Director of Teletrac Navman, a
leading international supplier of vehicle tracking and telematics services and
systems. Having gained a degree in civil engineering from Kingston University,
he spent a brief period in project management and consultancy before setting
up his own company, ACT Communications (UK) Ltd., in January 2002. ACT became
the most successful vehicle tracking distributorship in the UK and was
subsequently acquired by Navman Wireless in 2011.

 

At Navman Wireless Richard progressed rapidly from Major Accounts Executive to
Head of Enterprise in 2014, following which he was appointed as Managing
Director of Teletrac Navman Automotive in January 2017. In June 2018 he was
promoted to his current position as VP and European Managing Director for
Teletrac Navman.

 

Andy Walters, CEO of Quartix, commented:

 

"I have followed Richard's progress with interest over the past 20 years. He
created a very successful telematics distributorship early in his career and
has excelled at every role he has undertaken since then. I am delighted that
he has now agreed to join us as CEO. Richard is passionate about the potential
in the telematics market and I know that he will be an excellent fit within
the Company's culture.

 

"I shall continue in the role of Founder Non-Executive Director on the Board
of Quartix Technologies plc."

 

 

For further information, please contact:

 Quartix (www.quartix.net)                                           01686 806 663

 Andrew Walters, Chief Executive Officer

 Emily Rees, Chief Financial Officer

 finnCap (Nominated Adviser and Broker)                                 020 7220 0500

 Matt Goode / Kate Bannatyne / Milesh Hindocha (Corporate Finance)

 Alice Lane (Corporate Broking)

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the company's obligations under Article 17 of
MAR.

 

In accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies,
Richard George Lilwall, aged 43, is, or has been within the last five years, a
director or partner in the following companies and partnerships:

  Current directorships and partnerships   Past directorships and partnerships held within the last five years
 Teletrac Navman UK Ltd                    Job Done Software Ltd

 Trafficmaster Traffic Services Limited

 

Richard does not have an interest in any Quartix shares. There is no other
information required to be disclosed under Rule 17 and Schedule 2(g) of the
AIM Rules for Companies.

 

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