REG - SysGroup PLC - Board Changes

SysGroupAnnouncement

12/12/2023 16:30

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RNS Number : 5367W  SysGroup PLC  12 December 2023

12 December 2023

 

SysGroup plc

 

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

 

Board Changes

 

SysGroup plc (AIM:SYS), a managed service provider of end-to-end data
solutions focused on Artificial Intelligence and Machine Learning, is pleased
to announce the appointment of Mark Reilly as Non-Executive Director,
effective immediately.  In addition, after more than a six-year tenure, Mark
Quartermaine, Non-Executive Director, will step down from the Board with
immediate effect.

Mark Reilly is currently Managing Partner, Technology at IP Group plc.  Mark
was previously a non-executive director at Actual Experience plc and Mirriad
Advertising plc.  He has overseen more than 200 private and public company
venture transactions and has over a decade of experience sitting on technology
company boards.  He was a board member of Wave Optics when it was sold to
Snap Inc for over $500m and led the first investments into several of the UK's
most exciting Deep tech start-ups.  Mark holds a PhD in Engineering from
Cambridge University.

 

Heejae Chae, Executive Chairman commented:

 

"We are delighted to welcome Mark Reilly to the Board as a Non-Executive
Director. Mark's extensive background as an investor in deep and emerging
technologies aligns seamlessly with our new strategic direction to become the
go-to end-to-end data solution provider for companies embarking on their
Artificial Intelligence ("AI") journey. His insights and experience in
nurturing innovative tech ventures, particularly in AI and related fields,
will be invaluable as we explore and integrate advanced AI solutions into our
services. The Board is confident that Mark's unique perspective on technology
investment and his hands-on experience with cutting-edge technologies will
significantly contribute and accelerate our vision of becoming a leader in
AI-driven IT services."

 

"On behalf of the Board, I would like to express its appreciation to Mark
Quartermaine for his dedicated service and contribution to the Board and the
Company over the past six years."

 

In accordance with Schedule 2(g) of the AIM rules, Mark Reilly (aged 44) holds
or has held in the past five years the following directorships:

 

Current Directorships

 

No current directorships

 

Previous Directorships held during the last five years

 

Actual Experience Plc

Mirriad Advertising Plc

 

Mark holds no shares in the Company.

 

There is no further information on Mark required to be disclosed under
Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

 

Following the appointment of Mark Reilly and resignation of Mark Quartermaine
today, the Board comprises Heejae Chae (Executive Chairman); Martin Audcent
(Chief Financial Officer); and Mike Fletcher, Paul Edwards and Mark Reilly
(Non-Executive Directors).

 

 For further information please contact:

 SysGroup plc                              Tel: 0151 559 1777

 Heejae Chae, Executive Chairman

 Martin Audcent, Chief Financial Officer

 Zeus (Nominated Adviser and Broker)       Tel: 0161 831 1512

 Jordan Warburton

 Nick Cowles

 Alexandra Campbell-Harris

 Nick Searle

 

 

About SysGroup

 

SysGroup plc is a managed service provider of end-to-end data solutions
enabling us to take our customers on their AI data journey. The Group offers
an integrated set of modern technologies that collectively meets our customers
end-to-end data needs including connectivity, cloud hosting, delivery,
analytics and governance of customer data, as well as a security layer for
users and applications.

 

The Group has offices in Bristol, Edinburgh, Liverpool, London, Manchester and
Newport.

 

For more information, visit http://www.sysgroup.com

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