Flowgroup plc Appointment of New Chairman (8050U)
October 27 2017 - 2:00AM
UK Regulatory
TIDMFLOW
RNS Number : 8050U
Flowgroup plc
27 October 2017
Flowgroup plc
("Flow" or the "Company")
Appointment of New Chairman
Flowgroup plc (AIM: FLOW), which provides residential gas and
electricity supply and other energy services to customers across
Great Britain, announces the appointment to the Board of Alan C
Lovell as Non-Executive Chairman, effective from 26 October 2017.
Alan will be replacing John Johnston who has decided to step down
from the Board, with immediate effect.
Alan has had an extensive Executive career, with time as Chief
Executive of six companies including Infinis Limited, Jarvis plc
and Costain Group Plc. He is experienced in helping businesses
achieve their full potential by increasing turnover, reducing costs
and restructuring finances.
Alan was more recently Senior Independent Director at AIM listed
Sweett Group, the Construction Services specialist, and also
Chairman of professional radio technology company Sepura plc. He is
currently Chair of the Consumer Council for Water and Association
of Lloyd's Members.
John Johnston, Chairman, said:
"I've enjoyed working with the Flow business immensely and I
wish Alan, the Board and the Company every success as they play an
important part in the future of the energy industry."
Tony Stiff, CEO, commented:
"I and the rest of the Board would like to thank John for all
his hard work for Flow over the years, especially drawing on John's
experience to help with the successful fundraise completed this
year. John has been instrumental in ensuring Flowgroup has
attracted the funding to continue its development, and in helping
to develop a robust strategic vision for the Company. He will be
missed both on a professional and personal level. Welcoming Alan to
the business will, we believe, bring further experience in helping
us achieve our goals as we enter a new phase of our
development."
Alan C Lovell commented:
"Flow is a dynamic business at an interesting stage of
development, for both itself and the energy industry, and I look
forward to applying my skills and experience to helping it achieve
its full potential in an exciting marketplace."
Alan Charles Lovell, aged 63, holds no shares in the Company and
currently holds or has held the following directorships over the
past five years:
Current directorships Previous directorships in
the last 5 years
--------------------------- ---------------------------
Consumer Council for Tamar Energy Limited
Water
--------------------------- ---------------------------
Progressive Energy Limited Lloyd's of London
--------------------------- ---------------------------
ALM Limited Sepura plc
--------------------------- ---------------------------
Palace House International Thistle Midco (UK) Limited
Limited
--------------------------- ---------------------------
Palace House International Thistle Topco (UK) Limited
(Two) LLP
--------------------------- ---------------------------
Sweett Group Limited
--------------------------- ---------------------------
Alan Lovell was previously a director of Conder UK Limited,
which went into receivership and receivers were appointed in
September 1992. Mr. Lovell was previously a director of Sports Hub
Limited, which went into receivership and receivers were appointed
in July 2012. Mr Lovell was also previously a director of Thistle
Midco (UK) Limited and Thistle Topco (UK) Limited, which went into
receivership and receivers were appointed in July 2016.
Save as disclosed above, there is no further information
required to be disclosed pursuant to Schedule Two, paragraph (g) of
the AIM Rules for Companies.
Enquiries:
Flowgroup plc www.flowgroup.uk.com
Tony Stiff, Group Chief Executive Tel: +44 (0)20
Officer 3137 4525
Nigel Canham, Chief Financial Officer
Cenkos Securities plc (NOMAD and Tel: +44 (0)20
Broker) 7397 8900
Stephen Keys/Mark Connelly/Callum
Davidson (Corporate Finance)
Julian Morse (Sales)
Walbrook PR Ltd (Media Tel: +44 (0)20 7933 8780
Relations) or flowgroup@walbrookpr.com
Paul McManus Mob: +44 (0)7980
541 893
Nick Rome Mob: +44 (0)7748
325 236
This information is provided by RNS
The company news service from the London Stock Exchange
END
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