REG - TPXimpact Holdings - Appointment of Chief Financial Officer

Tpximpact HoldingsAnnouncement

07/11/2024 07:00

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RNS Number : 2366L  TPXimpact Holdings PLC  07 November 2024

7 November 2024

TPXimpact Holdings PLC

("TPX", "TPXimpact" or the "Company")

Appointment of Chief Financial Officer

TPXimpact Holdings PLC (AIM: TPX), the technology-enabled services company
focused on people-powered digital transformation, is pleased to announce the
appointment of Noel Douglas as Chief Financial Officer ("CFO") and Company
Secretary, effective on or before 1 April 2025. Noel will also join the Board
on the same date.

As previously announced, Steve Winters will retire from the Board on 31
December 2024. Effective 1 January 2025, Richard Griffiths, who currently
leads the Group finance function with the support of a highly capable team,
will assume the role of Interim Chief Financial Officer until Noel joins the
Company.

Noel joins the Company from his role as CFO at AND Digital, a technology
consultancy that specialises in accelerating digital transformation with
revenues of £140m and 1,400 staff.

Previously, Noel served as Group Financial Controller at Endava plc, a global
IT services company. There, he led a team of 210 finance professionals and
oversaw significant M&A activities, successfully integrating 13
acquisitions and driving operational efficiency. His leadership was
instrumental in supporting Endava's rapid expansion, with revenues reaching
£795m in FY23.

Noel brings a wealth of expertise in commercial performance improvement and
leading finance teams in high-growth environments that will significantly
contribute to the Company's strategic ambitions.

Bjorn Conway, Chief Executive Officer, commented:

"I am delighted to welcome Noel as our new CFO. Noel's experience, skills and
understanding of our industry will be valuable as we continue our journey to
deliver for our clients in a sustainable way whilst improving shareholder
value and equipping our teams for the next phase of growth.

"I am very grateful for the contribution of Steve Winters, who is due to
retire from the Company on 31 December 2024 and has continued to work
tirelessly to support the delivery of its strategy. Steve's efforts in
establishing a strong team, robust management processes and effective controls
have positioned us well for this transition. I am pleased to announce that
Richard Griffiths, currently Group Financial Director, will step in as Interim
Chief Financial Officer. Richard's leadership of the finance function,
alongside his capable team, gives us full confidence that he will seamlessly
guide us through this period as we prepare for Noel's arrival."

Noel Douglas, incoming Chief Financial Officer, commented:

"I am excited to join TPXimpact at this stage of its growth. The team's
commitment to delivering impactful digital transformation resonates with my
experience in driving financial and operational excellence. I look forward to
working with Bjorn and the team to execute our strategic objectives and create
lasting value for clients and shareholders."

Additional Information

In accordance with the AIM Rules, the information required to be disclosed in
relation to Noel Douglas is set out below. Other than stated below, there is
no further information required to be disclosed under paragraph (g) of
Schedule Two of the AIM Rules.

Full name and age: Noel Matthew Douglas, aged 42.

 Current directorships  Previous directorships (last five years)
 ANDigital Limited      n/a

Save for the disclosures above, there are no further disclosures to be made in
accordance with Rule 17 and Schedule 2(g) of the AIM Rules.

 

- Ends -

Enquiries:

 TPXimpact Holdings

 Bjorn Conway, CEO                Via Alma Strategic

 Steve Winters, CFO

 Stifel Nicolaus Europe Limited   +44 (0) 207 710 7600

 (Nomad and Joint Broker)

 Fred Walsh

 Ben Good

 Sarah Wong

 Dowgate Capital Limited

 (Joint Broker)                   +44 (0) 203 903 7715

 James Serjeant

 Russell Cook

 Alma Strategic Communications    tpx@almastrategic.com

 (Financial PR)                   +44 (0) 203 405 0209

 Josh Royston

 Kieran Breheny

 

 About TPXimpact

We believe in a world enriched by people-powered digital transformation.
Working in collaboration with organisations, we're on a mission to accelerate
positive change and build a future where people, places and the planet are
supported to thrive.

Led by passionate people, TPXimpact works closely with its clients in agile,
multidisciplinary teams; challenging assumptions, testing new approaches and
building confidence and capabilities. Combining our rich heritage with
expertise in human-centred design, data, experience and technology, we work to
create sustainable solutions with the flexibility to learn, evolve and change.

The business is being increasingly recognised as a leading alternative digital
transformation provider to the UK public services sector, with over 90% of its
client base representing public services.

More information is available at www.tpximpact.com

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