4 Jan 2018 07:00
4 January 2018
Escher Group Holdings plc
Chief Executive to retire
Escher Group Holdings plc (AIM: ESCH, "Escher" or "the Group"), a world leading provider of outsourced, point of service software for use in the worldwide postal, retail and financial industries, has been notified by Liam Church, Chief Executive, that he will retire at the end of May 2018.
During the next few months, Liam will work with the Board to ensure an orderly handover to a replacement CEO.
Nick Winks, Chairman, commented:
"Liam has been a remarkable leader of Escher since the MBO he led in 2007.
"He will leave the business in a stronger position than it has ever been before, with strong recurring revenue streams underpinning its EBITDA and with no debt.
"On behalf of the Board and all employees at Escher, I would like to thank him for his contribution and wish him well for the future."
Liam Church, CEO, commented:
"After many years in the postal industry and over 10 years at the helm, it is now time for me to retire and focus on other interests. I have thoroughly enjoyed leading Escher and have formed many friendships, both within the company and across the postal industry.
"I am confident that the business will continue to develop in an industry that has seen growth with the emergence of ecommerce in recent years."
Enquiries:
Escher www.eschergroupholdings.com | +353 (0)1 254 5400 |
Nick Winks, Chairman | |
Panmure Gordon | +44 (0)20 7886 2500 |
Andrew Godber / Alina Vaskina, Corporate Finance | |
Erik Anderson, Corporate Broking |
|
| |
Instinctif Partners | +44 (0)20 7457 2077 |
Adrian Duffield / Chris Birt |
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
About Escher Group Holdings
Escher is a world-leading provider of outsourced, point-of-service software for use in the worldwide postal, retail and financial industries. Its core software, Riposte®, a Transaction Services Platform, enables our customers to expand their offerings, providing new services, reducing costs and increasing efficiency. The Riposte® Platform securely extends the retail branch network. Our technology creates new revenue opportunities, streamlines operations, and its flexibility allows it to be deployed across multiple platforms and devices, giving the ultimate freedom of choice when it comes to channel and hardware selection. Our focus is to ensure the success of our customers by delivering the very best in innovative technology for their business.