Directorate Change

RNS Number : 6823L

Xpediator PLC

17 May 2022

 

17 May 2022

XPEDIATOR PLC

("Xpediator", the "Company" or the "Group")

Directorate Change

Xpediator, (AIM: XPD) , a leading provider of freight management services across the UK and Central and Eastern Europe, is pleased to announce the return to the Company and re-appointment to the Board of Richard Myson, as Group Chief Financial Officer ("CFO"), commencing 1 June 2022. Mike Williamson, current CFO, will leave the Company on 31 May 2022.

Richard is a highly experienced CFO with significant knowledge of Xpediator having previously worked within the business for 16 years across a variety of roles. In addition, Richard has nearly 30 years' experience in the logistics and supply chain management sector, including 10 years at Tibbett & Britten Group Plc.

Richard previously served as Group CFO between 2016 and 2018, overseeing the successful IPO of the Company. He originally joined the finance team of the Group in 2004 and in 2010 became Group CFO of Delamode International Logistics Limited. Richard's roles were not limited to finance, and in 2012, Richard was appointed as Chief Executive Officer of Affinity, which remains a key division of the Group.

Rob Riddleston , Interim Chairman, said "Richard is a highly experienced CFO and his knowledge of Xpediator, both operationally as well as of key personnel will be invaluable and I have no doubt that he will have an immediate and positive impact on the business. Separately, and on behalf of the Board, I would like to thank Mike for his hard work and extensive contribution to the Group during his tenure. We wish him well in his future endeavours.

"Further to Richard's appointment, I am confident of announcing further permanent appointments with good progress being made in respect of a new non-executive chair and CEO.  Further updates will be made, as appropriate, as soon as it is practicable to do so, and I am optimistic this will then result in a prolonged period of stability for the Group.

"Finally, and in spite of the events taking place in Ukraine as well as other macro-economic issues, the Group continues to trade well and in line with market expectations."

For enquiries, please contact:

Xpediator plc	Tel: [phone]
Rob Riddleston, Interim Chairman
Zeus (Nominated Adviser and Broker)	Tel: [phone]
David Foreman, James Hornigold, Guy Brinkley (Investment Banking)
Dominic King (Corporate Broking)
Novella Communications  (Financial Public Relations)	Tel: [phone]
Tim Robertson
Safia Colebrook

The following details in relation to the appointment of Richard Lee Myson, aged 50, are disclosed in accordance with Schedule 2(g) of the AIM Rules for Companies:

Current directorships	Directorships held within the last five years
Hanloe Consulting Limited	Xpediator Plc Easy Managed Transport Limited Benfleet Forwarding Limited Regional Express Limited Anglia Forwarding Group Limited Delamode Anglia Limited Traker International Limited Delamode International Logistics Limited

Richard currently owns 1,955,000 ordinary shares in Xpediator, representing approximately 1.4 per cent. of the total issued share capital of the Company.

There are no other disclosures in accordance with Schedule 2(g) of the AIM Rules.

About Xpediator:

Xpediator is a well-established international provider of freight management services. Established in 1988, the Group's international network of offices provides road, sea and air freight services, together with logistics and warehousing in the UK and Romania. The business offers integrated freight management within the supply chain logistics and fulfilment sector, through its three main areas: freight forwarding, logistics and warehousing and transport services. With headquarters in Braintree, Essex and country offices in nine CEE countries across 38 sites, the Group currently employs over 1,200 people and was successfully listed on London's AIM Market in 2017.

For more information, please visit:  www.xpediator.com .

Alternatively, do follow us on Twitter at  @Xpediator  or find us on LinkedIn at  Xpediator Plc .

 

END

 

 

BOAUNSNRUKUVAAR