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EXECUTIVE CHANGES: Motorpoint hires former Argos boss Walden as chair

Thu, 25th Nov 2021 14:08

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



Motorpoint Group PLC - Derby, England-based vehicle retailer - Hires John Walden as independent non-executive chair, starting on January 10. Walden replaces Mark Morris, who retires after 11 years with Motorpoint. Walden was chief executive of retailer Argos and also of Argo's parent company at the time, Home Retail Group PLC. Argos now is part of J Sainsbury PLC. He currently is chair of Snowfox Topco Ltd, the ultimate parent company the Yo! sushi restaurant chain.



Kooth PLC - London-based digital mental health platform - Hires Tim Budden as chief technical officer, reporting to CEO Tim Barker. Budden joins from Hazy, a company that helps data scientists create privacy-safe data sets from business data.



Anexo Group PLC - Liverpool-based credit hire and legal services provider - Brian Corrway joins board immediately as non-executive director. Corrway, an accountant, will represent shareholder DBAY Advisors Ltd, which has the right to appoint up to three board members. Back in August, DBAY, a 29% shareholder, decided against making a takeover offer for Anexo. The company also says it has signed an agreement with UK-based motorcycle insurance broker MCE Insurance to offer post-accident claims services to all MCE's non-fault insurance customers. Anexo notes the deal follows an agreement for Sabre Insurance Group PLC to become the exclusive underwriter of MCE's motorcycle policies. Anexo says the three-year agreement is expected to have a "materially positive impact on revenues and to enhance earnings" from 2022.



Lekoil Ltd - oil and gas exploration and production in Nigeria - Hires Pade Durotoye and Adeoye Adefulu as non-executive directors, starting immediately. Durotoye and Adefulu also will be nominated for the board of Lekoil Nigeria Ltd, as will be Felicia Kemi Segun. All three are Nigerian nationals. Lekoil has a 40% stake in Lekoil Nigeria, and the two companies have a frosty relationship. Earlier this month, Lekoil Nigeria wrote a letter seeking "urgent clarification" on the steps being taken by the group's board to ensure that the suspension of shares in London are lifted and to avoid being de-listed. The letter referred to the Lekoil board as being "cynical" and "disingenuous". The two companies also have tussled over the termination of former Lekoil chief executive Olalekan Akinyanmi. New director Durotoye is founder & CEO of West Titan Energy. Adefulu is the managing partner & head of the Energy Practice at Odujinrin & Adefulu, a law firm in Nigeria. Segun is senior partner & the managing partner of Dentons ACAS-Law, where she is co-head of its Energy & Project Finance Practice Group.



By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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