Starcom PLC Directorate Change (1061A)
May 24 2019 - 2:49AM
UK Regulatory
TIDMSTAR
RNS Number : 1061A
Starcom PLC
24 May 2019
24 May 2019
Starcom Plc
("Starcom" or the "Company")
Appointment of Non-Executive Director and Consultant
Further to its announcement on 18 April 2019, Starcom (AIM:
STAR), which specialises in the development of wireless solutions
for the remote tracking, monitoring and protection of a variety of
assets, is pleased to confirm the appointment of Martin Blair as an
Independent Non-Executive Director of the Company, effective
immediately.
Martin qualified as a chartered accountant with Ernst &
Young in 1982 and between 1983 and 1986 also worked for PwC. He
then spent 15 years in a variety of senior financial roles,
primarily for media and technology companies, both in UK and the
US. Martin became the CFO for Pilat Media Global plc, a company
which previously traded on both AIM and the Tel Aviv Stock
Exchange. Pilat Media Global developed, marketed and supported new
generation business management software solutions for content and
service providers in the media industry. Martin is also currently a
non-executive director and Chairman of the audit committees at Kape
Technologies Plc (AIM: KAPE), Cake Box Holdings Plc (AIM: CAKE) and
Green Biologics Ltd.
Martin has been appointed as Chairman of the Company's audit
committee.
The Company has agreed an economical remuneration package with
Martin where it is proposed he will be granted some share options
under the Company's option scheme as well as receiving some further
share options instead of receiving a cash salary for the first nine
months of his appointment. In line with the Company's announcement
on 18 April 2019 regarding the intention for Directors to receive
ordinary shares or options in the Company in lieu of director
salaries, these proposals for Martin will be subject to shareholder
approval at a general meeting of the Company to be convened in the
near future. A further announcement will be made in due course.
Appointment of consultant
The Company is also pleased to announce the appointment of David
Avner as a consultant to the Company. David has been appointed to
assist the Board on the strategic direction of the Company.
David has a long and successful career ranging across a number
of industries. He has a BA in mathematics, computer science and
philosophy from Haifa University and MBA in specialisation on
competitive strategy and financial management from the Technion.
From 1983 to 2000, he was employed by the Strauss Dairy group and
became general manager of the dairies division responsible for
revenues of $250m.
From 2000 to 2005, David was chief operating officer and member
of the executive management of AMDOCS, responsible for worldwide
operations. From 2006 to 2010, he was CEO of Partner Communications
Ltd, the cellular domestic leader in Israel under the Orange brand.
From 2011 to 2017, David was a member of the board of Bank Leumi
and member of its strategy committee and credit risk committee. He
is currently chairman of the board of Cellomat in Israel.
Michael Rosenberg, Non-Executive Chairman of the Company,
commented:
"We would like to welcome Martin to the board and David as a
consultant to the business. Both gentlemen are highly regarded in
their fields and will bring a wealth of experience to the Company
as it evolves and refines its growth strategy."
Regulatory disclosures
Martin Incledon Blair, aged 61, is or has during the last five
years, been a director or partner of the following companies and
partnerships:
Current directorships/partnerships Past directorships/partnerships
* Kape Technologies Plc * The Marketing Group Ltd
* Cake Box Holdings Plc * Crossrider UK Branch
* Green Biologics Limited
* Talip Limited
Mr Blair was appointed as a director of Ifonic plc (then named
Redbus Internet Distribution Limited) in January 2000. In May 2001,
the company entered into a company voluntary arrangement with its
creditors.
In January 2000, Mr Blair was appointed as a director of
Filmgroup Limited, resigning in October 2001. Filmgroup Limited was
put into a creditors' voluntary liquidation in November 2001,
within 12 months of Mr Blair ceasing to act as a director and was
subsequently dissolved in October 2003.
Enquiries:
Starcom Plc
Michael Rosenberg, Chairman 07785 727 595
Avi Hartmann, CEO +972 5447 5663
Allenby Capital Limited (Nominated Adviser
and Broker) 020 3328 5656
James Reeve / Jeremy Porter / Asha Chotai
Peterhouse Capital Limited (Joint Broker) 020 7469 0930
Lucy Williams / Charles Goodfellow / Eran
Zucker
Leander PR (Financial PR) 07795 168 157
Christian Taylor-Wilkinson
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END
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