10 Aug 2017 10:00
10 August 2017
Avanti Communications Group plc
("Avanti" or the "Company")
Directorate Change
Avanti Communications Group plc announces that CEO, David Williams, is stepping down from the board and leaving the Company.
His immediate replacement will be Alan Harper, currently a board non-executive director who joined in March 2017, who will assume the role of interim CEO.
Alan is a highly respected telecoms veteran from the telecoms industry with relevant experience in European and African markets. He has worked at Vodafone as Group Strategy Director and more recently founded and ran Eaton Towers, which served most of the major telcos that are a key part of the strategy for expansion at Avanti. Alan is also chairman of Azuri Technologies and of Gigabit as well as a non-executive director of MTN.
A comprehensive search to recruit a new full-time CEO will commence in due course.
Chairman, Paul Walsh said: "We are grateful to David Williams for the contribution he has made to the business since it was founded. He has led the Company through extremely challenging circumstances and market conditions. Avanti remains a world-class technology enterprise with a world-beating technical team in which significant latent value endures."
David Williams said: "I have been honoured to work with such a talented and dedicated team who have contributed so much to this Company. They should be proud of what they have built and I am confident that the excellent service they deliver to customers will see Avanti continue to grow and flourish".
This announcement contains inside information.
-ENDS-
For further information please contact:
Avanti David Bestwick/Nigel Fox Montfort:Nick Miles | +44(0)207 749 1600
+ 44 7973 130669 |
Redleaf:Lara Pyliotis | +44 (0)207 382 4763 |
Cenkos Securities plcMax Hartley (Nomad) / Julian Morse | +44 (0) 20 7397 8900 |
Notes to Editors
About Avanti Communications
Avanti connects people wherever they are - in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 180 partners in 118 countries, the network provides ubiquitous internet service to a quarter of the world's population. Avanti delivers the level of quality and flexibility that the most demanding telecoms customers in the world seek.
Avanti is the first mover in high throughput satellite data communications in EMEA. It has rights to orbital slots and Ka-band spectrum in perpetuity that covers an end market of over 1.7bn people.
The Group has invested $1.2bn in a network that incorporates satellites, ground stations, datacentres and a fibre ring. Avanti has a unique Cloud based customer interface that is protected by patented technology.
Avanti Communications is listed in London on AIM (AVN: LSE).
www.avantiplc.com