Digital Barriers plc Directorate Change (8444I)
July 08 2013 - 11:21AM
UK Regulatory
TIDMDGB
RNS Number : 8444I
Digital Barriers plc
08 July 2013
8 July 2013
Digital Barriers plc
("Digital Barriers" or the "Group")
Director Change
Digital Barriers plc (AIM: DGB), the specialist provider of
advanced surveillance technologies to the security and defence
sectors, announces a change to its Board of Directors (the
"Board").
Group Finance Director, Nik Holgate, is to leave the Group and
today steps down from his position as Group Finance Director and
from the Board. Mr Holgate will remain with the Group until the end
of August 2013 to assist with the orderly transition of the
role.
International executive search firm Heidrick & Struggles has
been engaged by the Group to conduct a search for a long-term
replacement for Mr Holgate. With the Group's international sales
activities and expansion expected to increase significantly in the
medium to long term, particularly in its target markets of Asia,
the USA and the Middle East, the Board will therefore place great
emphasis on the candidate's international and growth company
experience.
Until a new, permanent Group Finance Director is engaged, the
Board has appointed Paul Bergin as interim Head of Finance to
ensure the continued robust financial management of the Group. Paul
has significant experience in public company finance roles most
recently with McBride Plc.
The Group will provide a further update once the formal search
process has concluded.
Dr Tom Black, Executive Chairman of Digital Barriers
commented:
"On behalf of the Board, I want to thank Nik for his
contribution to Digital Barriers' development over the past two
years and wish him well for the future. We are now gaining
increased sales momentum, particularly in international markets,
and we are also placing increased emphasis on our investor
relations efforts. We will therefore be appointing a new Group
Finance Director with particular experience in each of these
areas."
For further information, please contact:
Digital Barriers plc Tel: 020 7940 4740
Tom Black, Executive Chairman
Colin Evans, Managing Director
Investec Investment Banking Tel: 020 7597 5970
Andrew Pinder/ Dominic Emery
FTI Consulting Tel: 020 7831 3113
Edward Bridges/ Matt Dixon/ Elodie Castagna
About Digital Barriers
Digital Barriers provides advanced surveillance technologies to
the international homeland security and defence markets,
specialising in 'edge-intelligent' solutions that are designed for
remote, hostile or complex operating environments. We work with
governments, multinational corporations and system integrators in
the defence, law enforcement, critical infrastructure,
transportation and natural resources sectors. Our surveillance
technologies have been successfully proven on some of the most
demanding operational and environmental deployments around the
world.
www.digitalbarriers.com
This information is provided by RNS
The company news service from the London Stock Exchange
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