Appointment of Chief Operating Officer

RNS Number : 6134R

Helios Towers PLC

01 July 2020

 

Helios Towers plc

Appointment of Chief Operating Officer

London, 1 July 2020: The Board of Helios Towers plc ("HT" or "Company"; LSE: HTWS) is pleased to announce the appointment today of its current Chief Financial Officer (CFO), Tom Greenwood, to the newly created role of Chief Operating Officer (COO).  The creation of the role reflects the ambitions of the Company, the foundations of which have been enhanced not only by the successful IPO of the business in 2019, but also the refinancing and expansion of the company's debt facilities, both to fund organic and inorganic growth.

Mr Greenwood joined the Company in 2010, became Finance Director in 2012 and was appointed Chief Financial Officer in 2015. He has significant experience of the operating dynamics of the business.  The Board has appointed an international search firm to commence the process of identifying a suitable candidate for the role of CFO of the Company. The search will be led by Chairman and Chair of the Nomination Committee, Sir Sam Jonah and Chief Executive Officer, Kash Pandya.

Manjit Dhillon, Head of Investor Relations and Corporate Finance, has been appointed as Interim CFO.  Mr Dhillon qualified as a Chartered Accountant (ICAEW) with Deloitte and held a number of positions in the financial services sector before joining the Company in 2016.

Sir Sam Jonah, Chairman, said today:   "I am delighted for Tom that he has accepted the new role of COO.  He has always been a hands-on CFO with a very commercial and operational outlook.  This expansion of the executive team provides the Company with additional resources to drive the business forward.  The search for a new CFO begins immediately and the Board will provide an update to shareholders in due course."

Kash Pandya, Chief Executive Officer, added:   "Tom is an outstanding CFO and over the past 5 years, it has become clear to me that he is an exceptional operational leader.  He knows every detail of the business and has been an important part of the team that has driven the performance of the business.  I look forward to working with him in his new role."

Investor Relations

Manjit Dhillon, Interim CFO, Head of IR & Corporate Finance

[phone]

Media Relations

Edward Bridges / Stephanie Ellis

FTI Consulting LLP

[phone]

About Helios Towers ("HT")

· Helios Towers is a leading independent telecommunications tower infrastructure company in Africa, having established one of the continent's most extensive tower portfolios with close to 7,000 towers across five countries. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators.

· HT owns and operates more sites than any other operator in each of Tanzania, Democratic Republic of Congo ("DRC"), and Congo Brazzaville. It is also a leading operator in Ghana with a strong urban presence and established a presence in South Africa in 2019.

· HT pioneered the model in Africa of buying towers that were held by single operators and providing services utilising the tower infrastructure to the seller and other operators. This allows wireless operators to outsource non-core tower-related activities, enabling them to focus their capital and managerial resources on providing higher quality services more cost-effectively.

 

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