Appointment of Executive Chairman

RNS Number : 1110I

Pinnacle Technology Group PLC

07 December 2015

 

7^th December 2015

Pinnacle Technology Group plc

("Pinnacle" or the "Company")

Appointment of Executive Chairman

Pinnacle Technology Group plc, the AIM listed provider of converged technology solutions, is pleased to announce the appointment of Gavin Lyons as Executive Chairman, effective immediately.

Gavin joins to help the board of directors (the "Board") drive the strategy of the business and support the executive management team in achieving its desired buy and build objectives. Dr James Dodd, non-executive Chairman, will remain on the Board as a non-executive director until the Company's annual general meeting to be held in March 2016 while he transitions his responsibilities to Gavin.  

Gavin has had a distinguished career in the TMT sector, most recently as CEO of Accumuli PLC, a successful buy and build in the IT security sector sold to NCC Group plc for £55m. Prior to Accumuli PLC, Gavin was Head of Telecoms & Utilities UK&I at SAP and held various senior positions at Trend Micro having also worked at Xerox, Compuware and The Caudwell Group. During his career Gavin has been involved in three exits generating close to £100m in value as well as completing several acquisitions and integrations. Gavin is a Partner at MXC Capital Limited, the AIM quoted technology focused merchant bank appointed by Pinnacle to advise on the Company's strategy and identify acquisition opportunities.

Tom Black, non-executive director of Pinnacle, said:

"We are delighted to welcome Gavin to the Board - his experience of buy and builds and track record of achieving transformational growth will be a powerful asset to the Company. I look forward to working with Gavin to achieve the Company's strategic and business objectives."

The following further information in relation to the appointment of Gavin Anthony Peter Lyons, aged 38, is disclosed in accordance with Schedule 2 (g) of the AIM Rules for Companies:

Current Directorships

Vigaly Consulting Limited

Vigaly Investments Limited

Previous Directorships

Accumuli (Holdings) Limited

Accumuli Security Systems Limited

Accumuli Security Technology Limited

Accumuli Security Services Limited

Accumuli Limited

Accumuli Security Limited

Accumuli Security Ash Limited

ArmstrongAdams Limited

Edgeseven Limited

Eqalis Limited

Fujin Technology Limited

Randomstorm Limited

Signify Solutions Limited

For further information please contact:

Pinnacle Technology Group plc                                                                                   0208 185 6393

Nicholas Scallan, Chief Executive

James Dodd, Non-Executive Chairman

N+1 Singer (Nominated Adviser and Broker)                                                           020 7496 3000

Shaun Dobson

Jen Boorer

MXC Capital Markets LLP                                                                                                020 7965 8149

Charlotte Stranner

Beattie Communications                                                                                                0844 842 5490

Chris Gilmour

David Walker

Dean Herbert

 

END

 

 

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