Appointment of Chief Finance Officer

RNS Number : 4807Y

Yu Group PLC

22 August 2018

 

Yü Group PLC

(the "Group" or "Company")

Appointment of Chief Finance Officer

Yü Group PLC (AIM: YU.), the independent supplier of gas and electricity to the UK corporate sector, is delighted to announce the appointment of Paul Rawson as Chief Financial Officer ("CFO") with effect from 3^rd September 2018.

Paul has a degree in Accountancy and is a qualified Chartered Accountant (ICAEW) with a history in financial and commercial management in high growth businesses. In 2001, after spending 5 years in accountancy and tax advisory roles, he left KPMG to join the energy industry in what is now the Engie Group, where he held various senior financial and general management positions. 

Whilst at Engie Paul was Financial Director responsible for developing and implementing new management information reports to include financial and non-financial KPI's.  He also led the financial and commercial aspects of a £100m investment project to supply energy across the London Olympic Park and concluded a number of energy related M&A transactions. 

Paul was latterly responsible, as Divisional CEO, for energy solutions spanning the retail supply of gas and power to businesses, the provision of low carbon generation, energy Software as a Service and smart building technologies and the launch of a domestic energy retail offer.

Bobby Kalar, Chief Executive of Yü Group, said: "I am delighted that Paul will be joining Yü Group as CFO and look forward to working with him managing and accelerating the Company's rapid growth. Paul's financial and sector experience, together with his operational skill sets, will prove immensely beneficial to the Group as it continues to pursue its growth agenda."

For further information, please contact:

Yü Group PLC Bobby Kalar	[phone]
Shore Capital Dru Danford Edward Mansfield Anita Ghanekar James Thomas	[phone]
Alma PR Josh Royston John Coles Robyn Fisher	[phone] [phone] [phone]

Additional Information:

The following information is disclosed under Schedule 2 (g) of the AIM Rules.

i.      Paul Edwin Rawson, 43, is currently a director of:

Power 48 Ltd

ii.    Within the last 5 years, he has also served as a director or been a partner of the following companies:

Association for Decentralised Energy

Birmingham District Energy Company Ltd

Bloomsbury Heat & Power Ltd

C3 Resources Ltd

Cheshire Energy Networks Ltd

Cofathec Energy Ltd

Cofathec Energy PFI Ltd

Cofathec Energy Services Ltd

Colledge Trundle & Hall Ltd

Coventry District Energy Company Ltd

East London Energy Ltd

Ecova, Inc Ltd

Elyo Falcon Ltd

Engie DE Holding Company Ltd

Engie Energy Services UK Ltd

Engie FM Ltd

Engie Gas Ltd

Engie Gas Shipper Ltd

Engie Home Ltd

Engie Power Ltd

Engie Services Ltd

Engie Supply Holding UK Ltd

Engie Urban Energy Group Ltd

Engie Urban Energy Ltd

Excel District Energy Company Ltd

Gower Street Heat & Power Ltd

Industrial Energy Services Ltd

Industrielle De Chauffage Enterprise United Kingdom Ltd

International Power Retail Supply Company (UK) Ltd

IPM Energy Retail Ltd

Leicester District Energy Company Ltd

Power Efficiency Holdings Ltd

Southampton Geothermal Heating Company (the) Ltd

Paul Rawson has confirmed that there is no other additional information to be disclosed under Schedule 2 (g) of the AIM Rules.

Notes to Editors

Information on the Group

Yü Group PLC, trading as Yü Energy, is an independent supplier of gas and electricity focused on servicing larger corporate and SME businesses throughout the UK. It has no involvement in the domestic retail market. The Group was listed on the AIM market of the London Stock Exchange following a successful IPO in March 2016.

 

END

 

 

BOAPGUCCRUPRGAG