Last checked at 23 Oct 2023 07:00
23 October 2023
Eleco Plc
("Eleco" or the "Company")
Directorate Change
Further to the announcement on 5 May 2023, the Board of Eleco plc (AIM: ELCO), the AIM-listed specialist software provider for the built environment, announces that it has completed a full and broad recruitment process for the role of Non-Executive Chair, with the support of an independent executive search agency.
As a result of this process, the Board is pleased to announce that Mark Castle, who was acting as Interim Chair, has been appointed as the permanent Chair of the Board with immediate effect. Mark who joined the industry as an apprentice in 1981, is currently a Non-Executive Director at FTSE 100 housebuilder, Taylor Wimpey and also a Non-Executive Director at Mace Group, the global consulting and construction group. He also chairs the private equity funded business, Triangle Fire Group.
The recruitment process for additional independent Non-Executive Directors will continue, and a further announcement will be made in due course.
Commenting, Mark Castle said:
"I am delighted to have been appointed as Chair of Eleco plc. Having worked with the Board over the last two years through its successful SaaS transition, the business is well placed to deliver on its expansion plans via both M&A and organic growth"
Commenting, Jonathan Hunter, Chief Executive Officer said:
"Despite having a field of strong candidates in the recruitment process, the in-depth knowledge of the built environment and wider industry which Mark brings with him are simply unparalleled. He has proven himself to be an excellent Chair of the Board over the last five months and his expertise will be invaluable as Eleco seeks to expand its market presence and strengthen customer relationships."
For further information, please contact:
Eleco plc | +44 (0)20 7422 8000 |
Jonathan Hunter, Chief Executive Officer | |
Neil Pritchard, Chief Financial Officer | |
Cavendish Capital Markets Limited | +44 (0)20 7220 0500 |
Geoff Nash/ Emily Watts/ Seamus Fricker (Corporate Finance) | |
Charlotte Sutcliffe / Harriet Ward (ECM) |
About Eleco plc
Eleco plc is an AIM-listed (AIM: ELCO) specialist international provider of software and related services to the built environment through its operating brands Elecosoft, BestOutcome and Veeuze from centres of excellence in the UK, Sweden, Germany, the Netherlands and the US.
The Company's software solutions are trusted by international customers and used throughout the building lifecycle from early planning and design stages to construction, interior fit out, asset management and facilities management to support project management, estimation, visualisation, Building Information Modelling (BIM) and property management.
For further information please visit www.eleco.com.