Appointment of Deputy Chief Executive and CFO

RNS Number : 2947U

Gamma Communications PLC

02 December 2021

 

2 December 2021

Gamma Communications plc

Appointment of Deputy Chief Executive and Chief Financial Officer

Broadening of executive management team

Gamma Communications plc ("Gamma" or the "Group"), a leading provider of Unified Communications as a Service ("UCaaS") to the business markets in the UK, Germany, Spain, and the Netherlands, is pleased to announce two appointments which strengthen and broaden the capacity of the executive management team. These two appointments further support the executive management team in the ongoing successful delivery of Gamma's growth strategy.

Andrew Belshaw, who has been Chief Financial Officer since Gamma's IPO in 2014, will be appointed Deputy Chief Executive, and will continue to report to Andrew Taylor and be a member of Gamma's Board of Directors. In this role, Andrew will take on a range of strategic and operational responsibilities to support the development and growth of the Group. These responsibilities will include overseeing aspects of product management, product development and operations and the execution of M&A. Andrew will also oversee Gamma's group people strategy, ensuring that Gamma attracts and retains great talent while continuing to be a great place to work.

Taking over from Andrew Belshaw, William (Bill) Castell has been appointed Chief Financial Officer. Bill will report to Andrew Taylor, and it is expected that he will join the Company and the Board of Directors in May 2022. Bill is currently Chief Financial Officer at OVO Energy, the technology-led green energy business. Before joining OVO Energy in 2020, Bill spent three years at Virgin Media which he joined as Deputy Chief Financial Officer and later became acting Chief Financial Officer. From 2005 to 2017, Bill was at Barclays Bank where he held a number of senior finance roles including Chief Financial Officer at Barclays Corporate Bank and Chief Financial Officer of Barclaycard Europe.

Andrew Belshaw's move to Deputy Chief Executive will take place when Bill joins the Company.

Richard Last, Chairman, commented:

"The Board is pleased to announce these two key appointments which reiterate our focus on developing our senior leadership capacity, ensuring that we capitalise on Gamma's significant growth opportunities."

Andrew Taylor, Chief Executive added:

"Strengthening the scope and capacity of our management team is an important part of our five-year growth strategy; and I am absolutely delighted that we have successfully attracted someone of Bill's quality and experience to take over from Andrew Belshaw as our CFO.

"The growth opportunities for Gamma are significant and in addition to doing a brilliant job as our CFO, Andrew has played a key role in both the development and operational implementation of our strategy. The appointment of Bill will allow Andrew to commit all of his time to further developing and executing our immediate and longer-term plans. This is a much-deserved promotion, and I am personally looking forward to working with Andrew in his new role."

Gamma Communications plc  Tel: [phone]

Richard Last, Chairman

Andrew Taylor, Chief Executive Officer

Andrew Belshaw, Chief Financial Officer

Tulchan Communications LLP  Tel: [phone]

James Macey White

Matt Low

Investec Bank plc (NOMAD & Broker)  Tel: [phone]

Patrick Robb

Virginia Bull

Additional Information:

Disclosures under Schedule 2 of the AIM Rules:

The following additional information relating to Mr Castell is disclosed under Rule 17 or Schedule 2 paragraph (g) of the AIM Rules for Companies.

Mr William Thomas Castell, aged 43, holds or has held the following directorships and/or partnerships in the previous five years:

Current directorships/partnerships

OVO FINANCE LTD

OVO ENERGY LTD

OVO GAS LTD

OVO ELECTRICITY LTD

OVO (S) ENERGY SERVICES LIMITED

OVO (S) GAS LIMITED

OVO (S) ELECTRICITY LIMITED

OVO (S) ENERGY SOLUTIONS LIMITED

OVO (S) RETAIL TELECOMS LIMITED

OVO (S) METERING LIMITED

SPARK ENERGY LIMITED

OVO HOLDINGS LTD

OVO FIELD FORCE LTD

SPARK GAS SHIPPING LTD

FINANCIAL OMBUDSMAN SERVICE LTD

Past Directorships/partnerships

OVO GROUP LTD (Resigned 28 October 2021)

VIRGIN MOBILE HOLDINGS (UK) LTD

NTL VICTORIA LIMITED

NTL CABLECOMMS CHESHIRE

NTL CABLECOMMS WIRRAL

NTL CABLECOMMS SOLENT

TELEWEST WORKWISE LIMITED

NTL BUSINESS LIMITED

NTL (TRIANGLE) LLC

TELEWEST COMMUNICATIONS (MIDLANDS AND NORTH WEST) LIMITED

NTL TRUSTEES LIMITED

CABLE LONDON LIMITED

THESEUS NO. 1 LIMITED

NTL GLASGOW HOLDINGS LIMITED

FLEXTECH INTERACTIVE LIMITED

BIRMINGHAM CABLE CORPORATION LIMITED

VIRGIN MEDIA SFA FINANCE LIMITED

BIRMINGHAM CABLE LIMITED

VIRGIN MEDIA PCHC LIMITED

VMIH SUB LIMITED

TELEWEST COMMUNICATIONS (NORTH EAST) LIMITED

FLEXTECH BROADBAND LIMITED

FLEXTECH LIMITED

VIRGIN MOBILE TELECOMS LIMITED

TELEWEST COMMUNICATIONS (SCOTLAND HOLDINGS) LIMITED

BITBUZZ UK LIMITED

VIRGIN MEDIA MOBILE FINANCE LTD

NTL KIRKLEES HOLDINGS LIMITED

NTL (CWC) CORPORATION LIMITED

VMWH LIMITED

NTL WIRRAL TELEPHONE AND CABLE TV COMPANY

NTL CABLECOMMS SURREY

VIRGIN MEDIA FINANCE PLC

NTL RECTANGLE LIMITED

VIRGIN MEDIA SECURED FINANCE PLC

NTL CABLECOMMS HOLDINGS NO. 2 LIMITED

TELEWEST COMMUNICATIONS CABLE LIMITED

TELEWEST COMMUNICATIONS (DUNDEE & PERTH) LIMITED

YORKSHIRE CABLE COMMUNICATIONS LIMITED

NTL SOUTH CENTRAL LIMITED

THESEUS NO. 2 LIMITED

CABLETEL HERTS AND BEDS LIMITED

VIRGIN WIFI LIMITED

BCMV LIMITED

NTL (B) LIMITED

NTL (V)

VIRGIN MEDIA PAYMENTS LTD

TELEWEST COMMUNICATIONS (LONDON SOUTH) LIMITED

NTL CABLECOMMS GREATER MANCHESTER

VIRGIN MEDIA NATIONAL NETWORKS LIMITED

VIRGIN MEDIA WHOLESALE LIMITED

TELEWEST COMMUNICATIONS (SOUTH WEST) LIMITED

VIRGIN MEDIA FINCO LIMITED

NTL (BCM PLAN) PENSION TRUSTEES LIMITED

NTL (SOUTH EAST) LIMITED

NTL (CWC) LIMITED

VIRGIN MEDIA COMMUNICATIONS LIMITED

EUROBELL (HOLDINGS) LIMITED

TELEWEST COMMUNICATIONS (GLENROTHES) LIMITED

VIRGIN MOBILE GROUP (UK) LIMITED

CABLETEL SURREY AND HAMPSHIRE LIMITED

VIRGIN MEDIA SECRETARIES LIMITED

VIRGIN MEDIA LIMITED

VIRGIN MEDIA OPERATIONS LIMITED

MATCHCO LIMITED

VIRGIN MEDIA EMPLOYEE MEDICAL TRUST LIMITED

VIRGIN MEDIA SENIOR INVESTMENTS LIMITED

NTL CAMBRIDGE LIMITED

VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED

TELEWEST COMMUNICATIONS (SOUTH EAST) LIMITED

TELEWEST COMMUNICATIONS (SCOTLAND) LIMITED

CABLE ON DEMAND LIMITED

NTL TELECOM SERVICES LIMITED

CABLETEL NORTHERN IRELAND LIMITED

TELEWEST COMMUNICATIONS NETWORKS LIMITED

GENERAL CABLE PROGRAMMING LIMITED

NTL GLASGOW

VM TRANSFERS (NO 4) LIMITED

TELEWEST LIMITED

WINDSOR TELEVISION LIMITED

TELEWEST COMMUNICATIONS (TYNESIDE) LIMITED

NTL MIDLANDS LIMITED

FILEGALE LIMITED

GENERAL CABLE LIMITED

DIAMOND CABLE COMMUNICATIONS LIMITED

VIRGIN MEDIA BUSINESS LIMITED

VIRGIN MEDIA PCHC II LIMITED

NTL KIRKLEES

BLUE YONDER WORKWISE LIMITED

SMALLWORLD CABLE LIMITED

NTL COMMUNICATIONS SERVICES LIMITED

NTL CABLECOMMS HOLDINGS NO.1 LIMITED

VIRGIN MEDIA INVESTMENTS LIMITED

NTL CABLECOMMS GROUP LIMITED

VM IRELAND GROUP LIMITED

NTL (BROADLAND) LIMITED

VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED

VIRGIN MEDIA SENIOR INVESTMENTS LIMITED

VIRGIN MEDIA LIMITED

VIRGIN MOBILE TELECOMS LIMITED

No additional information relating to Mr Castell is required to be disclosed under Rule 17 or Schedule 2 paragraph (g) of the AIM Rules for Companies.

 

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