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Alliance News

Porta Communications Shakes Up Management Team As Chairman Retires

Wed, 3rd May 2017 10:59

LONDON (Alliance News) - Porta Communications PLC on Wednesday announced a number of changes to its management team, including its chairman and chief financial officer.

Executive Chairman David Wright has decided to retire and has been replaced by Senior Independent Non-Executive Director John Foley who will take on the chairman role in a non-executive capacity.

CFO Gene Golembiewski has moved to an executive director position, as Head of Group Finance Rhydian Bankes takes on the CFO role.

"We are fortunate to be able to appoint John Foley to the role of non-executive chairman. He is already our senior independent non-executive director and brings a wealth of experience. He is currently chairman of two other successful AIM quoted companies (Premier Technical Services Group PLC and Servoca PLC). I'm looking forward to working with John as our chairman," Chief Executive Steffan Williams said in a statement.

"During the four years that Gene has been CFO, he has played a key role in the group's development, and I'm pleased to say that we will continue to draw on his considerable international and commercial experience. I'm also delighted to welcome Rhydian to the role of CFO," Williams added.

Shares in Porta were trading up 14% at 2.99 pence on Wednesday following the announcement.

Porta will release its 2016 results on May 11.

By Karolina Kaminska; karolinakaminska@alliancenews.com; @KarolinaAllNews

Copyright 2017 Alliance News Limited. All Rights Reserved.

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