REG - Telecom Plus PLC - Board Changes

Telecom PlusAnnouncement

14/03/2022 12:00

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RNS Number : 6819E  Telecom Plus PLC  14 March 2022

Telecom Plus PLC (or "the Company")

 

Board Changes

 

Following the appointment of Stuart Burnett as co-CEO in November 2021, and
the improving growth prospects for the business, the Board believe it is now
the right time to redress the historical imbalance in the proportion of
independent non-executive directors by announcing the following boardroom
changes. These are expected to take effect from the AGM in July 2022:

●    Charles Wigoder will become Non-Executive Chairman

●    Melvin Lawson will retire from the Board

●    Julian Schild will retire from the Board

The Board is currently seeking to appoint a further independent non-executive
director with relevant experience to also take on the important role as chair
of the Audit Committee. This process is being led by the Nomination Committee.

Charles Wigoder, Chairman said:

"Following 23 years in a full-time leadership role at Telecom Plus I am
delighted to be handing over all executive responsibilities to Andrew and
Stuart as co-CEOs, whilst remaining as Chairman of a business which has been,
and will remain, an important part of my life. I am confident their combined
strength and experience will enable the business to capitalise on the recent
paradigm shift we have seen in the energy markets, and take full advantage of
the exciting growth opportunities ahead.

Melvin and Julian have each made significant contributions to the success of
the business over the past decade and more, and will leave with our sincere
thanks."

 

For more information, please contact:

 

 Telecom Plus PLC
 Andrew Lindsay, Co-CEO         020 8955 5000

 Stuart Burnett, Co-CEO
 Nick Schoenfeld, CFO

 Peel Hunt
 Dan Webster / Andrew Clark     020 7418 8900

 Numis Securities
 Mark Lander / Simon Willis     020 7260 1000

 MHP Communications
 Reg Hoare / Catherine Chapman  020 3128 8339

About Telecom Plus PLC ("Telecom Plus"): (http://www.uw.co.uk/)

Telecom Plus, which owns and operates the Utility Warehouse brand, is the UK's
only fully integrated provider of a wide range of competitively priced utility
services spanning the Communications, Energy and Insurance markets.

Customers benefit from the convenience of a single monthly statement,
consistently good value across all their utilities and exceptional levels of
service. Telecom Plus does not advertise, relying instead on 'word of mouth'
recommendation by existing satisfied customers and Partners in order to grow
its market share.

Telecom Plus is listed on the London Stock Exchange (Ticker: TEP LN).  For
further information please visit telecomplus.co.uk

LEI code: 549300QGHDX5UKE58G86

 

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