REG - Yu Group PLC - Board Retirements

YuAnnouncement

11/12/2025 07:00

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RNS Number : 0942L  Yu Group PLC  11 December 2025

11 December 2025

 

 

Yü Group PLC

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

 

 

BOARD RETIREMENTS

 

Yü Group (AIM: YU.), the independent supplier of gas and electricity, meter
asset owner, and installer of smart meters to the UK SME sector, today
announces the upcoming retirement of two non-executive directors.

 

John Glasgow, Board Non-Executive Director and Tony Perkins, Senior
Independent Director have both informed the Board of their intention to retire
during 2026. A search for their successors is underway, and the Company will
provide update once the process has been concluded. Both John and Tony will
remain in their existing roles until such time as a successor for each is
appointed.

 

Bobby Kalar, Chief Executive Officer, said:

"I would like to thank John for his invaluable support over the past decade
having joined the Board when it listed in 2016. John has been instrumental in
the success of the Group, and I wish him a very happy retirement.

 

Tony joined the board in 2020 with the principal task of strengthening our
audit function and risk governance, he's successfully achieved that and more.
I wish Tony all the best for the future.

 

John Glasgow, Non-Executive Director, said.

"It has been an immense privilege to serve on the Board of Yü Group. In that
time, the business has transformed, growing from revenues of less than £5
million in 2015 to £645 million in 2024, while our talented team has expanded
more than ten-fold. I am very proud to have played a part in supporting Bobby
and the leadership team in the development of our people, systems, and
customer propositions during this extraordinary journey.

 

As I prepare to retire next year, I do so with great confidence in the Group's
future. The strategy is proven, the talent and ambition are in place, and the
market opportunity is stronger than ever. I have no doubt that Yü Group will
go on to achieve even greater success."

 

Tony Perkins, Senior Non-Independent Director, said.

"I have thoroughly enjoyed my six years at Yü Group, witnessing the rapid
evolution in performance across multiple metrics.

 

As Chair of the Audit Committee, I'm particularly pleased to see a firmly
established, proactive risk management framework combined with an embedded
risk-aware culture. During a volatile period, including the pandemic and the
energy crisis, the Group has consistently demonstrated its exceptional
resilience, delivered with strong and decisive leadership underpinned by
rigorous processes.

 

I have notified the Board that I plan to retire from the Group during 2026,
providing sufficient time for a smooth and orderly succession process
following the release of our 2025 Annual Report. I am confident that I will
leave the Group in a very strong position and ready for the next phase of
evolution as it continues to scale and take market share."

 

 

For further information, please contact:

 Yü Group PLC       +44 (0) 115 975 8258

 Bobby Kalar

 Andy Simpson

 Panmure Liberum    +44 (0) 20 3100 2000

 Bidhi Bhoma

 Edward Mansfield

 Satbir Kler

Notes to Editors

Information on the Group

Yü Group PLC is a leading supplier of gas and electricity focused on
servicing the corporate sector throughout the UK. We drive innovation through
a combination of user-friendly digital solutions and personalised, high
quality customer service. The Group plays a key role supporting businesses in
their transition to lower carbon technologies with a commitment to providing
sustainable energy solutions.

Yü Group has a clear strategy to deliver sustainable profitable growth (in a
£50bn+ addressable market) and value for all of our stakeholders, built on
strong foundations and with a robust hedging policy. The Group has achieved a
compound annual growth rate of over 60% over the last four years and has
significantly improved margin and profitability performance. In 2023 the Group
launched Yü Smart to support growth through new opportunities in smart
metering installation.

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