TIDMFITB
RNS Number : 5457O
Fitbug Holdings PLC
08 November 2016
Fitbug Holdings Plc / Epic: FITB.L / Index: AIM / Sector:
Leisure
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014 (MAR).
FITBUG HOLDINGS PLC ('FITBUG' OR 'THE COMPANY')
BOARD CHANGES
Fitbug Holdings Plc, the AIM quoted technology developer and
digital wellness pioneer, is pleased to announce that Heidi
Steiger, a seasoned operating executive, has joined the Board as a
Non-Executive Director with immediate effect and that Richard
Goodlad has joined the board as full time Finance Director.
Heidi has significant experience serving on corporate boards of
both public and private companies. Heidi, who earned an MBA in
Finance from Columbia University, has held executive management
roles in a range of sectors including Financial Services, Media and
Investment Management. Until April 2015, she was Eastern Region
President of the Private Client Reserve of US Bank, the fifth
largest commercial bank in the USA. Prior to this role, Heidi had
been an advisory director at Berkshire Capital Securities,
President of Worth Magazine and President of Lowenhaupt Global
Advisors, LLC. These roles followed 18 years as Executive Vice
President at Neuberger Berman, directly responsible for the wealth
management business, having started her career at Fidelity
Management Group. During her tenure at Neuberger Berman, she grew
the business to 70% of the firm's revenues, leading to the initial
public offering of the company in 1999 and its subsequent sale to
Lehman in 2003. She also serves, or has served, on the boards of
Aviva USA, Nuclear Electric Insurance Ltd., CIFG Holding Ltd and
Eaton Vance mutual funds.
Richard joined Fitbug as COO in April 2016. He has extensive
experience in both CFO and COO roles in high growth businesses.
Having started his career at Siemens, Richard was appointed by GE
Capital as CFO of Dione Limited, which grew from a turnover of
GBP12.2m to GBP40m and was successfully sold to Lipman Electronic
Engineering for US$ 120m in 2004. He then became CFO of Blue Hackle
Group where he migrated the business to the US following the sale
of 48% to a US private equity fund in 2010. Prior to joining Fitbug
he had been CFO of Servebase Group Limited and then COO of Miura
Systems Limited, which he built from a virtual start-up, with few
active clients, into a major global supplier with a turnover
exceeding US$ 33m per annum in two years.
Additionally, the Company announces that Tyler Tarr, who joined
the Board as part time Finance Director on 29 June 2016, has
stepped down from the Board following a successful handover to
Richard. Tyler joined Fitbug as an interim CFO in December 2015.
Following his thorough review of the Group's operations Tyler
contributed considerably to Fitbug's ongoing turnaround strategy
and to Fitbug's successful fundraise which completed on 25 July
2016. Having returned to his consulting firm in California, Tyler
he will continue to make himself available to the Fitbug on an ad
hoc basis.
Fitbug CEO Anna Gudmundson said, "I am excited and proud to
welcome both Heidi and Richard to the Fitbug board.
"Richard has been our COO for over six months and has already
played a major role in the implementation of our turnaround
strategy. We have relied heavily on his experience to execute our
cost savings initiatives and to outsource a number of non-core
functions so that we can concentrate on the performance of our
growth plans. He is also working closely with our sales teams to
ensure the smooth rollout of our digital platform with our
customers and strategic partners.
"Given her impressive background, resilience and business mind
combined with her passion for Fitbug and the Company's development
opportunity, I look forward to working with Heidi and the rest of
the board to help accelerate the growth of the business. She has a
significant network in the US, a key B2B market for our pioneering
digital wellness platform, and we are confident that we will
benefit from these connections as well as her impressive track
record of increasing sales and promoting scale, which mirrors our
vision for Fitbug.
I would also like to thank Tyler for his extremely valuable
contribution to the Company and look forward to working with him
again in the future."
Mr. Richard Goodlad (age 54) holds or has held the following
directorships and/or partnerships in the last 5 years:
Current Past (within the past
five years)
-------- ----------------------------
NIL Miura Systems Limited
Miura Systems Inc.
Blue Hackle International
Limited
Blue Hackle Limited
Blue Hackle Group Limited
Blue Hackle East Africa
Blue Hackle International,
UAE
-------- ----------------------------
There is no further information on Mr. Goodlad required to be
disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM
Rules for Companies.
Ms. Heidi Lou Steiger (age 62) (formerly Schwarzbauer, Brine and
Schneider) holds or has held the following directorships and/or
partnerships in the last 5 years:
Current Past (within the past
five years)
---------------------------- ----------------------
Topridge Associates Aviva USA Corporation
LLC CIFG Holding Limited
Nuclear Electric Insurance
Limited
---------------------------- ----------------------
There is no further information on Ms. Steiger required to be
disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM
Rules for Companies.
**ENDS**
For further information visit www.kiqplan.com or
www.fitbugholdings.com contact:
Anna Gudmundson Fitbug Holdings
/ Donald Stewart Plc 020 7449 1000
----------------------- ------------------------ --------------
Cantor Fitzgerald
Marc Milmo/ Catherine Europe, Nomad
Leftley and Joint Broker 020 7894 7000
----------------------- ------------------------ --------------
Claire Louise Noyce
/ William Lynne Hybridan LLP,
/ Niall Pearson Joint Broker 020 3764 2341
----------------------- ------------------------ --------------
Elisabeth Cowell St Brides Partners
/ Charlotte Heap Ltd, Public Relations 020 7236 1177
----------------------- ------------------------ --------------
Notes
About Fitbug(R)
Fitbug provides digital wellness solutions that empower
employers to create a positive culture of health within their
organisation. By helping employees to embrace a healthier way of
living, Fitbug can help maximise performance, reduce absenteeism,
decrease the risk of chronic illness, and lower healthcare
costs.
The Company's technological edge allows us to address holistic
wellness by engaging both individuals and teams through
intelligent, personalised interaction and gamification. This is an
opportunity to make incremental behavioural changes that will last
a lifetime. The progress of individuals translates to actionable
data, meaningful reporting and insights that allow the organisation
to monitor the impact of the programme and to refine it in order to
achieve success.
Fitbug's shares are listed on the London Stock Exchange AIM
market under ticker FITB.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAFMMGMNNRGVZM
(END) Dow Jones Newswires
November 08, 2016 02:01 ET (07:01 GMT)
Kin (LSE:KIN)
Historical Stock Chart
From Apr 2024 to May 2024
Kin (LSE:KIN)
Historical Stock Chart
From May 2023 to May 2024