LONDON (Alliance News) - Gas and electricity firm Bilby PLC said on Wednesday it has appointed Kin & Carta PLC's finance director for Marketing Activation as its own head of finance.
Clive Lovett will join Bilby on Monday next week. He will replace David Ellingham, who, as previously announced, will be stepping up to be Bilby's chief executive.
Lovett has been finance director at Kin & Carta's market services subsidiary since 2010. Kin & Carta recently changed its name from St Ives PLC.
Bilby Chairperson Sangita Shah said: "The board is delighted to welcome Clive as group finance director. His breadth of experience in fast growing listed businesses and having operated in a similar company structure to Bilby shows he is an ideal fit for the group.
"Together with his deep finance expertise, I am confident he will be highly valuable to the group. We very much look forward to working with him as we continue to grow both organically and through our buy and build strategy."
Bilby shares were up 2.5% on Wednesday at a price of 101.00 pence each, while Kin & Carta shares were up 0.6% at 96.10p.
