K3 Business Technology Group PLC Appointment of Chief Executive Officer (8814T)
March 30 2021 - 2:00AM
UK Regulatory
TIDMKBT
RNS Number : 8814T
K3 Business Technology Group PLC
30 March 2021
30 March 2021
AIM: KBT
K3 BUSINESS TECHNOLOGY GROUP PLC
("K3" or "the Company" or "the Group")
Appointment of Chief Executive Officer
K3, which provides mission--critical business software and cloud
solutions, is pleased to announce the appointment of Marco Vergani
as Chief Executive Officer of the Group, effective immediately.
Marco, aged 57, has over 30 years' experience in the technology
industry, and has served in international executive and leadership
roles across UK, Europe, US and Asia. The major part of his career
has been in commercial sales, and he has extensive experience of
retail and direct-to-consumer sectors.
Marco worked in senior executive sales roles at IBM for 26
years, latterly as Vice-president of EMEA sales for Global Process
Services. More recently he was Chief Operating Officer at Qubit, a
global leader in e-commerce personalization, serving global luxury,
cosmetics and fashion brands. Before Qubit, he was Global Senior
Vice-President, Sales and Account Management at Digital River, the
provider of SaaS-based e-commerce, payments and marketing solutions
globally, which also operated as an authorized reseller to
consumers.
Chairman, Tom Crawford, who had assumed the role of interim
Chief Executive Officer on 5 March 2021 during the recruitment
process, relinquishes this position with Marco's appointment.
Marco Vergani, Chief Executive Officer, said,
"I am delighted to be joining K3. The Company has developed a
number of market-leading software solutions, and I believe there is
a significant opportunity to sharpen its existing strategy to grow
own-IP sales, and in particular the K3|imagine solution. My
background in commercial sales and the retail and
direct-to-consumer sectors is directly relevant, and I look forward
to working with colleagues, clients, and strategic partners to
continue to innovate and drive long-term, high-quality,
subscription-based earnings."
Tom Crawford, Chairman, said,
"We are very pleased to welcome Marco as K3's new CEO. Marco has
a strong commercial track record, and extensive omni-channel
experience. In particular, he understands digital transformation
and the SaaS business model in our markets. He is well-qualified to
lead K3 and drive the next stage of its development."
In accordance with Schedule 2(g) of the AIM Rules, the following
disclosures are given:
Past directorships/partnerships
Digital River Ireland Ltd
Digital River UK Ltd
Digital River GmbH
Digital River UK Holdings
I Ltd
Digital River UK Holdings
II Ltd
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the company's obligations under Article 17 of MAR.
Enquiries:
K3 Business Technology Marco Vergani, CEO T: 0161 876
Group plc Rob Price, CFO 4498
finnCap Limited (NOMAD Julian Blunt/ James Thompson T: 020 7220
& Broker) (Corporate Finance) 0500
Richard Chambers (Corporate
Broking)
KTZ Communications Katie Tzouliadis/ Dan T: 020 3178
Mahoney 6378
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END
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