1PM PLC Directorate Change (1833A)
December 22 2017 - 2:00AM
UK Regulatory
TIDMOPM
RNS Number : 1833A
1PM PLC
22 December 2017
22(nd) December 2017
1pm plc
(the "Group" or the "Company")
DIRECTORATE CHANGE
1pm plc (AIM: OPM), the AIM listed independent specialist
provider of finance facilities to the SME sector, announces that
Michael Nolan, Managing Director of the Asset Finance Division and
founder of Academy Leasing Limited ("Academy") has announced his
intention to retire at the end of the calendar year 2018.
Mike will continue to serve in his role for his contractual
12-month notice period with a view to leaving the Group's
employment on or around 21(st) December 2018 at which point his
resignation as a director of 1pm plc will become effective.
This announcement is in line with expectations as Mike had
always intended to ensure the smooth integration of Academy into
the 1pm plc group during the three year post-acquisition period
before considering retirement. During this integration period Mike
has overseen further growth and expansion at Academy as well as
establishing appropriate succession plans. During the next 12
months Mike will focus on and complete the orderly hand over of his
current duties to other members of the Group's management team.
The Board would like to record its thanks to Mike for his hard
work and commitment to the success of Academy and the 1pm plc
group.
As part of the planned succession the Group is delighted to
announce the internal promotion of Michaela Dodd to General Manager
of Academy Leasing Limited with effect from 1(st) January 2018.
Michaela joined Academy in 2009 in Asset Finance sales and
progressed to lead new business origination, including the
establishment of a telesales function and managing the vehicles
team.
For further information,
please contact:
1pm plc
Ian Smith, Chief Executive
Officer 01225 474230
Cenkos (NOMAD)
Max Hartley (NOMAD),
Julian Morse (Sales) 0207 397 8900
Walbrook PR 0117 985 8989
Paul Vann 07768 807631
paul.vann@walbrookpr.com
This information is provided by RNS
The company news service from the London Stock Exchange
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