Imaginatik PLC Directorate Change (3862X)

TIDMIMTK

RNS Number : 3862X

Imaginatik PLC

19 November 2014

Imaginatik Plc

("Imaginatik" or the "Company")

Appointment of Director

Imaginatik plc (AIM: IMTK.L), the world's first full service innovation provider offering a range of technology products and consultancy, is pleased to announce the appointment of Ralph Welborn as Chief Executive Officer, effective 1 December 2014.

Ralph Welborn, aged 53, has significant global business advisory and technology implementation experience, focussing on identifying where value is being created and destroyed and how to capture new sources of value. He has held a variety of leadership positions including Strategy and Transformation Leader at IBM (Middle East and Africa) and Senior Partner of Solutions and Innovation at KPMG Consulting. Ralph founded Jericho Group, an independent advisory firm focussed on business model innovation and market access, and was most recently a partner at Tapestry Networks, a stakeholder advisory firm that works with senior business and regulatory executives to govern and lead in times of systemic change. He holds a Ph.D. in cognitive science

Matt Cooper, who owns 21.27% of the equity, will remain with the Company as Non-Executive Chairman.

Ralph Welborn, incoming CEO, commented: "I am delighted to be joining Imaginatik at this pivotal point in the Company's development. Innovation is clearly both an urgent and important topic for senior executives facing very real shifts in their environment, their markets, and their customers. It is moving to the forefront of business concerns and the Imaginatik team has spent the last two years putting in place an effective strategy and platform of capabilities - from innovation advisory through enabling technologies - to help both businesses and organizations 'make sense' and 'take action' on shifts in value, needs and opportunities. I am excited both to help ensure that the Company is ideally positioned and capable to capitalise on this rapidly evolving and growing market as well as to be working with Matt and the team to drive this proposition forward."

Matt Cooper, Executive Chairman, commented: "I am very pleased to welcome Ralph to the Board. . He brings to the Group both a wealth of industry insight as well as vast experience working in an advisory capacity to global businesses, and is ideally suited to our business and growth strategy. I am confident his guidance will be invaluable as we grow the business. I look forward to working with Ralph and remain excited about the future prospects for the Group."

There is no other information which is required to be disclosed under Schedule 2(g) of the AIM Rules for Companies pursuant to the appointment of Ralph Welborn.

For further information please contact:

Imaginatik plc

Tel: 01329 243243

Matt Cooper, Executive Chairman / Shawn Taylor, CFO

finnCap Ltd

Tel: 0207 220 0500

Charlotte Stranner/ Victoria Bates

Newgate Threadneedle

Tel: 020 7653 9850

Caroline Forde / Hilary Millar

About Imaginatik

Imaginatik(R) is the world's first full-service innovation provider. We have 16 years of experience building innovation into a sustainable competence at some of the world's largest and most respected companies. Through a mix of consulting and advisory, hands-on innovation projects and program management, and our award-winning enterprise software platform, we help clients develop innovation capability into a permanent competitive advantage. Imaginatik is the trusted partner of leading organisations including Blue Cross Blue Shield, CSC, Cargill, The World Bank, Mayo Clinic, The Chubb Group of Insurance Companies, HCA, Dow Chemical and Goodyear.

Imaginatik is a public company whose shares are traded on the AIM market of the London Stock Exchange (LSE:IMTK.L) and is a World Economic Forum Technology Pioneer with offices in Boston, MA, and Fareham, UK. For more information visit www.imaginatik.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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