Board Changes

RNS Number : 3412Z

Blancco Technology Group PLC

14 March 2017

 

14 March 2017

BLANCCO TECHNOLOGY GROUP PLC

("Blancco" or "the Company")

BOARD CHANGES

Blancco Technology Group plc announces the following changes to its Board of directors, which take effect today.

Having previously indicated his intention to do so and following the changes to the Board detailed below, Matthew Peacock has resigned as a director and Chairman of the Board.  After a thorough process (led by the Senior Independent Director, Frank Blin) Rob Woodward, who has been on the Board since 2013, has been appointed to the role of Chairman.  Rob has a wealth of experience in the Telecoms Media and Technology (TMT) sector.  He is currently Chief Executive of STV Group plc and was previously Commercial Director of Channel 4 Television Corporation.  Aside from his executive and non-executive experience in the sector Rob has substantial corporate finance expertise, having previously been Managing Director and co-head of European Technology at UBS Warburg.  Earlier in his career he was Managing Partner of Deloitte's European TMT business and UK strategy consulting practice.   Rob is also Chair of City, University of London.

Philip Rogerson has been appointed as a non-executive director.  He will take on the role of Senior Independent Director from Frank who will continue as chair of the Audit Committee.  Philip will chair the Remuneration Committee and will also join the Audit Committee and Nominations Committee.   Philip is chairman of De La Rue plc and Bunzl plc.  He also chairs the Advisory Board of the North and East London Commissioning Support Unit (NELCSU) of the NHS.  Philip was formerly chairman of Aggreko plc and Carillion plc. He was an executive director of BG plc (formerly British Gas plc) latterly as deputy chairman.

Keith Butcher has resigned from the Board and the Company with immediate effect. We would like to thank him for his contribution.  Simon Herrick has been appointed as interim CFO for a minimum six month period and a process to appoint Keith's permanent successor is underway.  Simon has previously served as a director and CFO of PA Consulting Limited, Kesa Electricals PLC, Northern Foods PLC and Debenhams plc.  He is currently a non-executive director of Ramsdens Holdings plc.

Commenting, Rob Woodward said:

"On behalf of the Board, I would like to thank Matthew for his contribution to Blancco and the former Regenersis group over the past six years.  Under his leadership the group has been transformed. Matthew has been a catalyst for many of the important strategic, business and management changes which have occurred during his term in office.   We wish Matthew all the best for the future.

I am delighted to be taking on the role of Chairman and I very much look forward to working with my Board colleagues and all the team at Blancco at this exciting stage in its development.

I am also very pleased to welcome both Philip and Simon to the Board and we anticipate that the business will benefit greatly from their involvement in its continuing growth."

Pat Clawson said:

"I, and the rest of the Board, are extremely pleased that Rob has agreed to take on the role of Chairman.  Blancco continues to grow and expand globally and Rob's experience in the TMT sector will be invaluable as we progress towards our growth objectives.  I also look forward to working with Simon."

For further information, please contact:

Blancco Technology Group Plc                                                                       [phone]

Rob Woodward, Non-Executive Chairman

Patrick Clawson, Chief Executive Officer

Peel Hunt LLP (Nominated Adviser and Broker)                                     [phone]

Edward Knight

Euan Brown

Panmure Gordon (UK) Limited (Joint Broker)                                           [phone]

Dominic Morley, Corporate Finance

Charles Leigh Pemberton, Corporate Broking

Tulchan Communications                                                                                  [phone]

Tom Murray

About Blancco

Blancco Technology Group plc, is a leading data erasure software business, serving enterprises and governments around the world.

www.blancco.com

Appendix

The following information is disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies:

Full name and age:  Philip Graham Rogerson (aged 72)

Shareholding in the Company - 7,500 shares (held by Mrs Susan Rogerson)

Current directorships/partnerships

Bunzl plc

De La Rue plc

Central YMCA

YMCA Training

Previous directorships/partnerships

Aggreko Rest Of World Holdings B.V.

Carillion Plc

Aggreko Plc

Full name and age: Simon Edward Herrick (aged 53)

Simon Herrick does not currently hold any shares in Blancco

Current directorships or partnerships

Ramsdens Holdings plc

Herrick Inc Limited

Sports Punk Limited

Previous directorships or partnerships

Baroness Holdings UK Limited

Debenhams Gift Vouchers Limited

Jumpneck Limited

Leapneck Limited

Debenhams Overseas Holdings Limited

Debenhams Investments Limited

Jubilee Fashions Limited

Debenhams Profit Sharing Trustees Limited

Debsub (CSR) Limited

Debsub (Tr) Limited

Debenhams Holdings Limited

Bf Viii Limited

Bf Properties (No. 1) Ltd

Baroness Group Holdings Limited

Debenhams Card Handling

Services Limited

Jerimain Investments Limited

Bf Properties (No. 3) Ltd

Bf Iii Limited

Debenhams Direct Limited

Debenhams Properties Limited

Debenhams Group Holdings Limited

Debenhams Principles Limited

Debenhams.Com Ltd

Debenhams Retail Plc

Debenhams Plc

Baroness Retail Limited

Bf Properties (No. 2) Ltd

Debenhams Finance Holdings Limited

Aktieselskabet Th. Wessel & Vett

Magasin Du Nord Kylie (Jersey) Limited

No further information is required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

END

 

 

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