Appointment of New Chairman

RNS Number : 6521O

Good Energy Group PLC

15 October 2012

 



15 October 2012

Good Energy Group PLC

(the "Group")

Appointment of New Chairman

Good Energy Group PLC  (AIM: GOOD), owner of Good Energy, the UK's leading 100% renewable electricity supplier, is pleased to announce the appointment of John Maltby as Non-Executive Chairman of the Board, with immediate effect.

Throughout his career, Mr Maltby has developed a successful track record of delivering strong profit growth and previously held the position of Group Director of the UK Commercial Bank of Lloyds Banking Group, the division specialising in lending to small businesses. Mr Maltby has held this position since 2007, having previously been Group Chief Executive for seven years of Kensington Group PLC, a specialist mortgage business, before its acquisition by Investec. Mr Maltby has held senior executive roles throughout the financial services industry, including Natwest Group PLC, Barclays Bank PLC and Abbey National PLC.

Rick Squires, who has acted as Non-Executive Chairman since 2011, will retire from the position with immediate effect but will remain on the Board as a Non-Executive Director.

John Maltby, new Chairman of Good Energy Group PLC, said:

"I am excited to be joining the Board of what is an exciting and forward-thinking company. I believe it is important for companies and consumers to capitalise on the opportunities that are being offered in the environmental sector and Good Energy is at the forefront of delivering that. I look forward to working with the Board to enable Good Energy to unlock this potential."

Juliet Davenport, Chief Executive of Good Energy Group PLC, said:

"John's wealth of experience in working with small businesses, as well as his reputation for delivering growth for the companies he has worked for, will be invaluable to us as Good Energy continues in its development. He recognises the value and benefits of renewable energy and businesses operating sustainably and I believe he will play an important role as we seek to expand our supply, FIT administration and generation business. We look forward to working with him.    

"I would like to thank Rick Squires for his service as Chairman during a period of significant progress for the company and look forward to his ongoing contribution as a Non-Executive Director."

In accordance with Schedule 2(g) of the AIM Rules, the following information in relation to the appointment of Mr Maltby is disclosed: 

Mr John Neil Maltby, aged 50, holds or has held directorships/partnerships in the five years preceding his appointment at the Company as follows:

Current Directorships

JKM Board Advisors Limited

Previous Directorships

Cheltenham & Gloucester PLC

Lloyds TSB Commercial Finance Limited

There is no further information which is required to be disclosed in respect of Mr Maltby pursuant to Schedule 2 (g) of the AIM Rules.

Enquiries:

Good Energy Group PLC    Juliet Davenport, Chief Executive	01249 766 795
N+1 Brewin - Financial Adviser & Broker  Andrew Craig, Ben Wright	0845 213 1000
Kreab Gavin Anderson - Financial PR Advisers Ken Cronin, Kate Hill, Andrew Jones	020 7074 1800

Notes to Editors

- Good Energy Group Plc is listed on the AIM market of the London Stock Exchange. For more information please visit: www.goodenergygroup.co.uk

- Good Energy sources all its electricity from renewable generators. To compare the fuel mix of other suppliers please visit: www.electricityinfo.org/suppliers.php

- Good Energy supplies over 30,000 homes and businesses across the UK

- Good Energy also supports a pioneering community of more than 40,000 renewable generators that use wind, small-scale hydro, solar power and sustainable biomass to generate heat and power

- In 2008, Good Energy added a Gas product to its range. It now has over 6,700 gas customers

- Good Energy currently has around 18% of FIT customers making it the largest FIT administrators in the UK

- Good Energy wins numerous awards including, more recently:

·      Good Energy has come top in the latest Which? customer satisfaction survey for energy suppliers in 2010 and 2012

·      Juliet Davenport won PLUS markets CEO of the Year in 2009, 2010 and 2012 and Good Energy won the 2012 PLUS markets Investor Communication of the Year

·      Juliet Davenport named CEO of the Year and overall winner at People and Environment Business Awards 2012

·      Juliet Davenport named 'First Woman of Retail and Consumer' at First Women Awards 2011

 

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