Appointment of CEO

RNS Number : 8949R

Ubisense Group PLC

15 December 2016

 

15 December 2016

Ubisense Group plc

("Ubisense" or the "Company")

Appointment of CEO

Ubisense Group plc (AIM: UBI) is pleased to announce the appointment of Richard Petti as Chief Executive Officer with effect from 14 December 2016. Peter Harverson will remain Executive Chairman during a transition period, and will revert to non-Executive Chairman during the first half of 2017.

Richard brings first-hand experience of growing revenues and developing profitable businesses serving automotive, financial and industrial customers. Richard joins Ubisense having most recently been CEO of Asset Control, a worldwide supplier of financial data management systems serving some of the world's leading financial organisations. Prior to Asset Control, Richard was COO at WEMA, a leading provider of diesel and AdBlue sensors within the global commercial vehicle market. During his career, Richard has also held senior management and sales leadership roles at Orange Business Services, QUMAS and SunGard Data Systems. Richard holds a bachelor's degree in International Relations and Economics from Bucknell University in Pennsylvania and a Master's degree in International Economics and Management from Universita' Luigi Bocconi of Milan.  Richard Petti does not hold a beneficial interest in the ordinary shares in the Company.

Additional information

Riccardo Ettore Petti (Richard Petti), aged 49, is not currently a director of any companies and has been a director of the following companies:

Previous directorships (last 5 years)

Wema System AG

Asset Control International BV

Asset Control Singapore PTE Ltd

There are no further disclosures required pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies in respect of the appointment of Richard Petti to the Board of the Company.

For further information contact:

Ubisense Group plc                                                                                             [phone]

Peter Harverson

Richard Petti

Tim Gingell

Numis Securities Limited                                                                                   [phone]

Simon Willis

Jamie Lillywhite

Toby Adcock

Redleaf Communications                                                                                   [phone]

Rebecca Sanders-Hewett

David Ison

About Ubisense

Ubisense (AIM: UBI), a global leader in Enterprise Location Intelligence solutions, helps manufacturing, communications and utility companies improve operational efficiency and boost profitability. Ubisense location intelligence systems bring clarity to complexity, enabling customers to revolutionise their operational effectiveness in a measurable way. Founded in 2002, Ubisense is headquartered in Cambridge, England, with offices in North America, France, Germany and Japan. For more information visit: www.ubisense.net.

 

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