Appointment of Chief Executive

RNS Number : 2888L

Eleco PLC

03 July 2014

 

For release

3 July 2014

ELECO plc

("ELECO" or "the Company ")

Appointment of Chief Executive

The Board of ELECO is pleased to announce the appointment of Nick Caw as CEO of ELECO plc, effective from 2^nd July 2014.  Nick joins ELECO from Microsoft UK where he has been for the past seven years. During his time at Microsoft he was involved in supporting Microsoft's transformation to a Cloud First, Mobile First business, most recently as a UK Business Development Manager for Microsoft's Office 365 hosting platform. 

Nicholas James Baxter Caw (aged 42) has spent most of his career in the IT industry, including ELECO, before joining Microsoft UK in 2007. He therefore brings with him a wealth of commercial experience in the IT industry, covering sales, channel and leadership roles in a diverse range of software businesses engaged variously in software development, hosting and professional services.  He joined the Board of ELECO on 2^nd July 2014.

John Ketteley, Executive Chairman of ELECO, commented: "The Board of ELECO are delighted that Nick Caw has agreed to join ELECO as Chief Executive. I am confident that he will make a significant contribution to our objective of achieving ELECO's full potential as a profitable and expanding international software business."

For enquiries please contact:
ELECO plc	http://www.eleco.com
John Ketteley, Executive Chairman	Tel: [phone]
Peckwater PR
Tarquin Edwards	Tel: [phone]
Cenkos Securities plc
Nicholas Wells / Callum Davidson	Tel: [phone]

Additional Information

Nick Caw has notified the Company of the following:

Current Directorships and Partnerships	Directorships and Partnerships in the past 5 years
QUEX MEWS MANAGEMENT SERVICES LTD	TEAM BANJO LTD (The business never traded and was dissolved on 8th January 2014)
SWAPDESKS.COM LTD (Dormant)
ANDEFF LTD (Dormant)

He was a director of HOSTEU Ltd - a VC backed Internet hosting company. The company failed to secure a 2nd round of funding in 2000 and as a result did not have adequate financing and so was forced into Administration. The assets and staff were sold/transferred to 7Global in 2001. The company was eventually put in to Liquidation and dissolved in 2006.

The Company confirms there is no other information required to be disclosed under Schedule 2, paragraph (g) of the AIM Rules for Companies.

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