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Pin to quick picksMinds+mach Share News (MMX)

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EXECUTIVE CHANGES: New CEOs At Minds + Machines And ULS Technologies

Mon, 25th Jan 2021 16:59

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News:



Minds + Machines Group Ltd - operator of internet top-level domains - Confirms Tony Farrow as chief executive officer, having joined in October as interim CEO. Farrow will join the board as well. Minds + Machines says 2020 revenue was largely in line with 2019, with renewal revenue consistent at 68%. Billings were down 3% due to a significant drop in AdultBlock billings in 2020 follow the product's launch in 2019. AdultBlock is a brand-protection tool. It stops third parties from registering domain names containing trademark names in TLDs such as .porn. "We lost some of the momentum after the initial launch of AdultBlock in FY 2019," says Farrow. "However, FY 2021 was always the target year for the full rollout of this new product, and I am encouraged by the dialogue with our channel partners to really move AdultBlock in FY 2021." Domains under management declined 19% as Minds + Machines focused on more profitable transactions. Cash from operations was USD6.4 million in 2020, leaving USD8.9 million in the bank a year-end.



ULS Technology PLC - Thame, Oxfordshire-based online platforms for conveyancing and financial intermediary markets - Jesper With-Fogstrup starts as new CEO. With-Fogstrup was global head of Digital as a Channel at lender HSBC Holdings PLC. Prior to that, he was chief operating officer of ComparetheMarket.com. Says current trading conditions remain "buoyant" with a large number of instructions in the sales pipeline "looking to complete in this quarter".



AssetCo PLC - Middle East-focused provider of management and resources to the fire and emergency services - Says Martin Gilbert and Peter McKellar join the board as non-executive directors, having received regulatory approval. Gilbert, the co-founder of Aberdeen Asset Management, has 650,000 shares, a 9.9% stake. McKellar has 225,000 shares, a 3.4% holding.



Bahamas Petroleum Co PLC - assets in Trinidad & Tobago and Suriname - Leo Koot resigns as director on Friday. Koot joined the board following the company's merger with Columbus Energy Resources and has resigned for personal reasons, Bahamas Petroleum says. Will remain as a consultant.



Sabien Technology Group PLC - Cedriane de Boucaud Truell and Marco Nijhof step down as non-executive directors, effective immediately. Says board now has just two directors so will appoint at least one new director and has started the process for this.



Anpario PLC - Nottinghamshire-based manufacturer of natural sustainable animal feed additives - Hires Kate Allum as non-executive director, starting February 1. Allum was head of European Supply Chain at McDonald's Corp and also chief executive of First Milk, a UK farmer-owned dairy co-operative. Allum is currently a non-executive director of meat producer Cranswick PLC and of Irish agri-business Origin Enterprises PLC.



Speedy Hire PLC - Merseyside, England-based tool, equipment and plant hire - Hires Shatish Dasani as non-executive director, starting February 1. Dasani was CFO of masonry products maker Forterra PLC and of TT Electronics PLC. He is currently non-executive director of engineering services firm Renew Holdings PLC.



By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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