Appointment of CFO

RNS Number : 6198G
EXPANSYS plc
16 May 2011
 

Embargoed: 0700hrs, 16 May 2011

EXPANSYS plc

 

("EXPANSYS" or the "Group")

 

EXPANSYS hires specialist media & technology Chief Financial Officer

&

Appoints Tim Eltze as President of US Operations

 

EXPANSYS (AIM: XPS), a leading global online retailer of consumer wireless technology and provider of mobile network and eCommerce solutions, is pleased to announce the appointment of Chris Ogle ACA as Chief Financial Officer with effect from 16 May 2011.

 

Chris has over 25 years' experience as a finance professional of which nearly 10 years has been as a Finance Director of AIM listed companies.

 

From 1999 to 2007 he was Finance Director of Flomerics Group plc, a developer of analysis software for electronics companies. He was heavily involved in its expansion, growing its international presence to over 12 countries and ensured its continued profitability through the downturn. He led two significant international acquisitions in Hungary and Germany, the latter being a transformational deal for the company. He was also Finance Director of Artilium plc, an AIM listed developer of software for mobile virtual network operators, where he was instrumental in further corporate transactions.

 

In his earlier career Chris qualified as a Chartered Accountant with Price Waterhouse before spending two years as a management accountant with WPP Group plc and nine years at the Telstar Entertainment Group where he rose to become Deputy Group Finance Director.

 

More recently, as a consultant over the past two years, Chris has advised a number of companies including a mobile virtual network operator and supplier of international calling cards.

 

Chris has extensive investor relations experience and with Flomerics was winner of the AIM award for Best Communications. He was deputy Chairman of the Financial Reporting Committee for the Quoted Companies Alliance and has undertaken various speaking engagements for the London Stock Exchange.

 

Anthony Catterson, CEO of EXPANSYS, commented:

 

"Chris Ogle's combination of directly relevant sector expertise and UK Aim/PLC experience will be invaluable. EXPANSYS is trading directly in fifty countries around the world today (indirectly in over 100) and we are committed to growing our international markets, improving financial efficiency across the Group and creating value for shareholders. Chris has a track record of delivering on those challenges previously and we look forward to working with him."

 

Appointment of Tim Eltze as President of US Operations

 

EXPANSYS is further pleased to announce that Tim Eltze, previously Chief Operating Officer of EXPANSYS has accepted the position of President of US Operations. The USA represents one of EXPANSYS' most attractive growth opportunities, particularly for SIM distribution having recently signed our first major nationwide SIM card distribution agreement with T-Mobile, one of America's largest carriers. Tim's combination of EXPANSYS retail and DSNS Sim Card distribution experience makes him a uniquely qualified leader for our business in North America.

 

For further information please contact:

EXPANSYS plc

Anthony Catterson, CEO

 

Via M: Communications

Cenkos Securities

Stephen Keys or Camilla Hume

 

Tel: +44 (0) 20 7397 8900

skeys@cenkos.com / chume@cenkos.com

M:Communications

Nick Miles or Ben Simons

Tel  +44 (0)20 7920 2340

miles@mcomgroup.com / simons@mcomgroup.com

 

Investor relations website

www.EXPANSYS.plc.uk

 

 

AIM Rules disclosure under Schedule 2(g) of the AIM Rules

 

There is no other information that is required to be disclosed with regards to the appointment of Christopher John Rathmell Ogle, aged 49, pursuant to Schedule 2 paragraph (g) of the AIM Rules, save as set out below:

 

 

Previous directorships within the past five years

Artilium plc

Artilium N.V.

Flomerics Group plc

Flomerics Limited

Kimberley Communications Consultants Limited

Flomerics, Inc.

Flomerics India Private Limited

Flomerics Nordic AB

Flomerics S.E. Asia Pte Limited

Microelectronics Research & Development Limited

Nika GmbH

 

About EXPANSYS

 

EXPANSYS (AIM: XPS) is global online consumer electronics retailer, operating directly in 50 countries with a vast range of products, and a focused approach to service and value for its customers. In 2010 the Group acquired Data Select Network Solutions, the market leading B2B SIM card distributor selling products on behalf of all the UK's major network operators and MVNOs. The Group also includes PJ Media, an eCommerce and web services business with expertise in the multi-channel telecommunications sector, and a number of large international blue chip clients.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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