Board Changes

RNS Number : 1293Y

ULS Technology PLC

12 January 2022

 

ULS Technology plc

(The "Group" or the "Company")

Board Changes

Appointment of New CFO

ULS Technology plc (AIM:ULS), the provider of online digital platforms for the UK conveyancing and financial intermediary markets, announces that after over 11 years with the Company, John Williams has informed the Board of his intention to step down as Chief Financial Officer (CFO). John will be replaced by Michael Cress, who has strong digital experience and has held a number of senior and executive finance roles. John will remain in his role to support an orderly transition until Michael joins the Group later in the Spring when he is also expected to join the Board.

John was appointed in January 2011 and has, during this period, helped grow the business to what it is today, including taking the business to a listing on the AIM in July 2014. The Board is very grateful for John's contribution to the business and wishes him well for the future.

Michael will join ULS from My 1st Years where he is currently Finance Director. Michael has previously held senior and executive finance roles with Kelkoo, The Digital Property Group and AOL UK. Michael started his career with Schroder & Co after graduating from Harvard University with an Economics degree.

Jesper With-Fogstrup, Chief Executive Officer, commented:

 "On behalf of the Company, I am delighted to welcome Michael to the team. Michael is a strong commercial and strategic CFO with digital experience in growth and also more established businesses. I look forward to working with him as we continue to deliver our growth strategy scaling our strong and trusted eConveyancer brand and accelerating DigitalMove - making the home moving and ownership experience better for everyone.

"I would like to thank John for his long service and significant contribution to the business. John has helped the Company grow to what is it today. We wish him all the best for the future."

A further announcement confirming the exact dates when Michael and John will join and leave the Board respectively will be given in due course.

Enquiries:

ULS Technology plc Jesper With-Fogstrup, CEO John Williams, Chief Financial Officer	Via Walbrook PR
Numis Securities Limited (Nomad & Broker) Stuart Skinner / William Wickham	Tel: [phone]
Walbrook PR Limited Tom Cooper/ Nick Rome/ Nicholas Johnson	[e-mail] or Tel: [phone]

 

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