REG - Yu Group PLC - Board Change

YuAnnouncement

10/02/2020 07:00

RNS Number : 4115C
Yu Group PLC
10 February 2020
 


10 February 2020
Yü Group PLC
("Yü Group" or the "Group")
 
Board Change
 
Yü Group PLC, the independent supplier of gas, electricity and water to the UK business sector, is pleased to announce that current Board Director, Garry Pickering, will take on a new role within the Group, effective immediately.
 
Garry's undivided attention will now be on the hedging, risk management and operational forecasting and analysis activities required of a gas and electricity portfolio. As Director of Trading Services, Garry will also explore external development opportunities to expand the Group's gas shipping services and other specialised energy trading related solutions. Garry will retire his PLC Board duties to focus on this new role.
 
Commenting on the appointment, Bobby Kalar, Chief Executive of Yü Group, said: "Garry has been with the Group since before we listed on AIM and his specialist knowledge of the electricity and gas markets gained in over 20 years in the industry is invaluable. The Board is keen to leverage that knowledge for greater Group benefit and recognise that his skill set lies in the technical side of risk management and designing new services. I am delighted that the business will continue to benefit from his niche expertise in a role dedicated to manage risk, trading and hedging whilst also exploring new growth opportunities, including our gas shipping offering.  Garry will remain an integral part of the team as we implement our strategy and focus on the key areas that will ensure our long-term profitable growth."
 
Following this Board change, the Group Board will consist of three Non-Executive Directors and two Executive Directors, comprising:
 
Robin Paynter Bryant, Independent Non-Executive Chairman
Anthony Perkins, Senior Independent Non-Executive Director
John Glasgow, Independent Non-Executive Director
Bobby Kalar, Chief Executive Officer
Paul Rawson, Chief Financial Officer
 
The Audit Committee will now comprise Anthony Perkins (Chair), John Glasgow and Robin Paynter Bryant.
 
The remuneration committee will now comprise John Glasgow (Chair), Anthony Perkins and Robin Paynter Bryant.
 
 
 
For further information, please contact:
 



Yü Group PLC
Bobby Kalar
Paul Rawson
 


+44 (0) 115 975 8258
 




Shore Capital
Advisory
Edward Mansfield
Anita Ghanekar
James Thomas
 
Broking
Fiona Conroy
 


+44 (0) 20 7408 4090




Alma PR
John Coles
Hilary Buchanan
Helena Bogle  
 


+44 (0) 20 3405 0205
 
 



Notes to Editors
Information on the Group
Yü Group PLC, trading as Yü Energy, is an independent supplier of gas, electricity and water focused on servicing the business sector throughout the UK. It has no involvement in the retail supply of energy to the domestic sector. The Group was listed on the AIM market of the London Stock Exchange in March 2016.




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