Last checked at 3 Feb 2022 07:00
3 February 2022
essensys plc
("essensys" or the "Group")
Board changes
Alan Pepper to be appointed as COO and Sarah Harvey to join as CFO
essensys plc, the leading global provider of mission-critical software and technology to the flexible workspace industry, announces a planned evolution of its senior management team to accompany the next stage of the Group's growth. This extension of the senior management team reflects the significant expansion of essensys in recent years, and follows the conclusion of the Group's successful £33 million fundraise in July 2021. It is anticipated that these changes will take place by the end of the Group's current financial year (31 July 2022).
Alan Pepper, currently Chief Financial Officer and Chief Operating Officer will at that point assume the newly created stand alone role of Chief Operating Officer ("COO").
Sarah Harvey will join essensys as Chief Financial Officer ("CFO") from Virgin Media O2, where she currently holds the role of Operations Finance Director. Sarah is an experienced finance professional, having qualified in 2002 as a Chartered Accountant with PwC, and latterly was a Director in their Transaction Services, Capital Markets team, leading all aspects of listed company transactions including acquisitions, disposals, IPOs and fund raising. She has spent the last five years in a number of senior roles within Telefonica UK (now Virgin Media O2), including as Commercial Finance Director and two years as Chief Financial Officer of giffgaff where she oversaw significant revenue and profit growth.
In his new role, Alan Pepper will oversee the Group's central operations and commercial activities, reporting to Mark Furness, Chief Executive Officer. Alan will remain on the Group's board of directors, which Sarah will join on appointment.
Jon Lee, Non-Executive Chairman of essensys, said:
"I am very excited by the evolution of our management team, to add capacity to essensys' growth ambitions. Alan Pepper has been integral to the growth and success of essensys in the last five years. Alan's understanding of the complex operational challenges we solve in the flexible workspace industry makes him the best and obvious candidate to lead our mission-critical operations. I am delighted to welcome Sarah Harvey to essensys. She brings a wealth of relevant expertise and is extremely well qualified to oversee the continued financial management of the Group. This new management structure comes at a significant point in essensys' growth journey, and ensures that we have the right people in the right roles to further enable us to achieve our goals and deliver the next phase of our ambitious expansion plan."
Additional disclosures relating to the appointment of Sarah Harvey to the essensys Board are included below.
For further information, please contact:
essensys plc | +44 (0)20 3102 5252 |
Mark Furness (Chief Executive Officer)Alan Pepper (Chief Financial Officer) | |
Singer Capital Markets (nominated adviser and joint broker) | +44 (0)20 7496 3000 |
Peter Steel / Harry Gooden / George Tzimas | |
Berenberg (joint broker) | +44 (0)20 3207 7800 |
Ben Wright / Mark Whitmore | |
FTI Consulting (public relations adviser) | +44 (0)20 3727 1000 |
Jamie Ricketts / Eve Kirmatzis / Talia Jessener / Victoria Caton |
About essensys plc
essensys is the leading global provider of mission-critical SaaS platforms and on-demand cloud services to the high growth flexible workspace industry. essensys' software is specifically designed and developed to help solve the complex operational challenges faced by multi-site flexible workspace operators as they grow and scale their operations. The Group's technology allows operators to deliver a range of differentiated, flexible and customer-specific services to a broad base of tenants across multiple locations and helps operators to manage the cost, operational and technological challenges they typically encounter.
essensys' Flex Services Platform, addresses these complex operational challenges, and reduces costs by simplifying the day-to-day management of flexible workspaces and the provision of on-demand IT, technology and infrastructure services to tenants. essensys' platforms automate key tasks and processes and help flexible workspace providers deliver highly efficient, customer-centric workspace solutions and member experiences with enterprise class services.
Additional disclosures required under the AIM Rules for Companies
Sarah Lesley Harvey (previously Sarah Lesley Mason) (aged 46) does not hold any current directorships or partnerships nor have any previous directorships or partnerships been held in the past five years.
Sarah Harvey does not currently hold any ordinary shares in the Group.
There are no additional disclosures required under Rule 17 and Schedule 2(g) of the AIM Rules for Companies.