Last checked at 10 Jun 2010 07:00
Gresham Computing plc ("Gresham" or the "Company")
10 June 2010
Directorate Change
Gresham, the specialist provider of real-time financial solutions, is pleased to confirm that Ken Archer was appointed as non-executive director on 9 June 2010.
Ken holds no shares in the Company and there are no other matters required to be disclosed pursuant to Listing Rules 9.6.13 (1) to (6) inclusive.
Commenting on his appointment, Ken Archer, Non-Executive Director, said:
"I am looking forward to working with the Gresham management team as we seek to build on the Company's improving performance. I expect to help the Company accelerate its top line growth whilst continuing its efforts to improve profitability and free cash flow. The Company's comprehensive product portfolio is well positioned to address the challenges faced by the clients it serves and I am confident these solutions will underpin future business growth."
Eric Sepkes, Chairman of Gresham, commented:
"I am delighted that Ken, formerly CEO of SmartStream Technologies, has agreed to join the board as a non-executive director. Ken has a wealth of experience in our chosen markets and will provide invaluable insight and guidance as we grow the business. I welcome Ken to the board."
- Ends -
For further information please contact:
| Gresham Computing plc | +44 (0) 20 7653 0200 |
| Rob Grubb, Company Secretary |
|
| Singer Capital Markets Ltd Shaun Dobson, Partner and Joint Head of Corporate Finance | +44 (0) 20 3205 7500 |
| James Maxwell, Director of Corporate Finance |
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Notes to editors:
Ken Archer began his career as an IT professional with Philips Industries and subsequently held Project Management roles with Hertz Europe and Overseas Containers Ltd. In 1976 Ken joined JP Morgan where he remained for 10 years, the last four of which he held the position of VP Information Services with overall responsibility for IT in the London Office. Subsequently he became CEO of Mercantile Information Services and COO of The Savings Corporation, a subsidiary of AIG. In 1991 he joined Computer Sciences Corporation. Following a number of management roles in that company, in 2001 he was appointed President of European Business development, a position he held for five years. In October 2006, Ken joined SmartStream Technologies as CEO following their buyout by TA Associates in a deal valued at c£80m. In November 2007, SmartStream was acquired by Dubai International Financial Centre Investments in an all cash deal valuing the company at approximately £208 million. Ken continued as CEO following the acquisition until April 2009.