Eleco PLC Appointment of Chief Executive (2888L)

TIDMELCO

RNS Number : 2888L

Eleco PLC

03 July 2014

For release

3 July 2014

ELECO plc

("ELECO" or "the Company ")

Appointment of Chief Executive

The Board of ELECO is pleased to announce the appointment of Nick Caw as CEO of ELECO plc, effective from 2(nd) July 2014. Nick joins ELECO from Microsoft UK where he has been for the past seven years. During his time at Microsoft he was involved in supporting Microsoft's transformation to a Cloud First, Mobile First business, most recently as a UK Business Development Manager for Microsoft's Office 365 hosting platform.

Nicholas James Baxter Caw (aged 42) has spent most of his career in the IT industry, including ELECO, before joining Microsoft UK in 2007. He therefore brings with him a wealth of commercial experience in the IT industry, covering sales, channel and leadership roles in a diverse range of software businesses engaged variously in software development, hosting and professional services. He joined the Board of ELECO on 2(nd) July 2014.

John Ketteley, Executive Chairman of ELECO, commented: "The Board of ELECO are delighted that Nick Caw has agreed to join ELECO as Chief Executive. I am confident that he will make a significant contribution to our objective of achieving ELECO's full potential as a profitable and expanding international software business."

 
 For enquiries please 
  contact: 
 
 ELECO plc                  http://www.eleco.com 
 John Ketteley, Executive   Tel: 0207 422 0044 
  Chairman 
 
 Peckwater PR 
 Tarquin Edwards            Tel: 07879 458 364 / 
                             0207 808 7340 
 
 Cenkos Securities plc 
 Nicholas Wells / Callum    Tel: 0207 397 8900 
  Davidson

Additional Information

Nick Caw has notified the Company of the following:

 
 Current Directorships   Directorships and Partnerships 
  and Partnerships        in the past 5 years 
----------------------  -------------------------------- 
 QUEX MEWS MANAGEMENT    TEAM BANJO LTD (The business 
  SERVICES LTD            never traded and was dissolved 
                          on 8th January 2014) 
----------------------  -------------------------------- 
 SWAPDESKS.COM LTD 
  (Dormant) 
----------------------  -------------------------------- 
 ANDEFF LTD (Dormant) 
----------------------  --------------------------------

He was a director of HOSTEU Ltd - a VC backed Internet hosting company. The company failed to secure a 2nd round of funding in 2000 and as a result did not have adequate financing and so was forced into Administration. The assets and staff were sold/transferred to 7Global in 2001. The company was eventually put in to Liquidation and dissolved in 2006.

The Company confirms there is no other information required to be disclosed under Schedule 2, paragraph (g) of the AIM Rules for Companies.

- ENDS -

This information is provided by RNS

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END

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