18 Jul 2019 07:00
18 July 2019
Electra Private Equity PLC
Directorate Change
Electra Private Equity PLC ("Electra") is pleased to announce the appointment of Stephen Welker to the Board of Directors. Stephen is a Partner in Sherborne Investors and has been an adviser to Electra during the Company's transformation that was initiated in 2015. He has also been a non-executive director of TGI Fridays, an Electra portfolio company, since 2017.
Electra also announces that Edward Bramson is today resigning from the Board of Directors. Ed has served as a Director since 2015 and, during 2016 and 2017, served as CEO. Ed has decided to stand down as a Director due to his many other commitments.
Stephen Welker has not been a director of any publicly quoted companies during the previous five years. There is no other information concerning Stephen Welker which is required to be disclosed pursuant to paragraph 9.6.13 R of the Listing Rules.
Electra Chairman, Neil Johnson, said:
"On behalf of the Board and shareholders, I want to thank Ed very much for his immense contribution to Electra during the Company's transformation that began in 2015. I welcome Stephen who, as a long-standing Electra adviser and portfolio company director, has a deep knowledge of our business."
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