EU Supply Appoints Mattias Strom CFO, Mark Elliott Stepping Down

Wed, 24th Sep 2014 08:31

LONDON (Alliance News) - EU Supply PLC Wednesday said it has appointed Mattias Strom as its full-time chief financial officer, as Mark Elliott prepares to step down after he said he could not commit to a full-time role.

Strom will take up the position on November 17, at which time Elliott will step down as chief financial officer and as a director of the company. EU Supply said Elliott would remain available to the company until the end of this year.

Strom joins the company from SAP Svenska AB, the Swedish arm of Germany-based software group SAP SE, where he is the chief financial officer.

"Mark made a major contribution to the IPO and also to the Compan's initial life as a publicly quoted company and I would like to acknowledge the benefits he brought to the Company in this testing period and to wish him well with his professional career," said EU Supply Chairman David Cutler.

"We are delighted that Mattias is joining us in the next phase of the Company's development. He brings relevant experience and will play a vital role in supporting the delivery of our strategy," added Cutler.

EU Supply shares were untraded on Wednesday, quoted at 28 pence per share.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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