Directorate Change

RNS Number : 0778I

Redcentric PLC

28 June 2013

 



28 June 2013

Redcentric plc

 ("Redcentric" or "the Company")

Board Change

Following the successful completion of the demerger Peter Hallett, Chief Financial Officer of the Company, has given notice of his resignation in order to pursue new professional challenges. Peter has been with the business for over four years and has successfully completed the restructuring of Redstone plc and the demerger and flotation of Redcentric plc. Peter has a twelve-month notice period and will remain as Chief Financial Officer of the Company until a successor has been recruited. Peter joined the Redstone Board in 2009 having worked closely with the business as a consultant on behalf of our bank since 2008 as a highly experienced interim and turnaround specialist. Peter was instrumental in the refinancing and restructuring of the business which has now been successfully completed.

Richard Ramsay, Chairman of Redcentric, said:

"The Board would like to thank Peter for his significant contribution to the business. His work in leading the demerger and flotation has been of the highest quality and we wish him well in his future endeavours."

Peter Hallett, Chief Financial Officer, said:

"It has been a pleasure to successfully oversee both the turnaround of Redstone plc and the successful demerger and flotation of Redcentric plc. Both businesses are now leaders in their respective fields and I feel that my work will be complete following a thorough handover to my successor. I wish both businesses every success in the future and wish to thank both companies' employees, customers, suppliers, shareholders and bankers for all contributing towards this success."

For further information:

Redcentric plc Tony Weaver, Chief Executive	Tel. [phone]
finnCap - NOMAD & Broker Charlotte Stranner / Stuart Andrews	Tel. [phone]
MXC Capital Advisory LLP Marc Young	Tel. [phone]
Newgate Threadneedle Josh Royston / Hilary Millar	Tel. [phone]

 

END

 

 

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