27 Jan 2014 07:00
27 January 2014
iEnergizer Limited
("iEnergizer" or "the Company")
Board Restructuring
iEnergizer, a high growth digital age publishing and technology leader, today announces significant restructuring to the management team and board membership. Neil Campling has been appointed as the new Finance Director and will join the Board from the beginning of the next financial year (April 1, 2014). Marc Vassanelli joins the Board as a Non-executive Director with immediate effect. John Behar, an existing Non-executive Director is stepping down from the Board with effect from 30th April 2014.
Mr Campling is UK based and will join the Company from Aviate Global LLP, a boutique, thematic global equity financial services firm where he served as a partner and head of Global TMT Research for five years. He previously held senior Portfolio Manager Positions at leading investment firms dating back to 1994. Mr Campling has been a TMT fund manager at New Star Asset Mgmt, Aberdeen Asset Mgmt and Prolific Asset Mgmt in Europe and the US. iEnergizer believe his 20 year experience of the investment community and knowledge of the dynamic changes in the technology and media industries will help position iEnergizer as a leader in the new digital age. Mr Campling will be focused on continuing the strong EBITDA growth of the Company, increasing investor relations and stakeholder communication, while working alongside the Chairman to focus on expanding corporate strategy.
Mr Vassanelli brings to the Board, as a new Non-executive Director, extensive industry knowledge and success in growing businesses across the spectrum from established business services, while CFO of ConvergeOne, to media start up, through his time as CEO and President of MV3 Ltd. He also brings comprehensive experience in change management, having successfully managed the integration of Equiniti and Xafinity to form Equiniti Group (a $510m+ revenue UK BPO firm), and in special situations, having led the turnaround of the $1.5bn EMEA region of Marsh (a portfolio company of Marsh & McLennan) ahead of becoming the Marsh EMEA CFO. Mr Vassanelli's previous strategic, operational and financial roles spanning private equity, consulting and banking across multiple industries, will bring invaluable insight and knowledge to the iEnergizer Board. Mr Vassanelli will join the audit, remuneration and nomination committees of the Company.
Mr. John Behar is stepping down from his existing position as Non-Executive Director to concentrate on his other business interests.
Sara Latham, Non-Executive Chairman of iEnergizer, said:
"I would like to welcome Neil and Marc to the Board of iEnergizer. With their significant experience in managing businesses and deep understanding of our sector they will add further depth and breadth to iEnergizers management team and I very much look forward to working with them. I also thank John for his contribution to the success of the Company since his appointment at the time of the Company's IPO and we wish him every success in the future.
Neil Campling, commented:
"iEnergizer is positioned as the only scale provider of leading end-to-end digital transformation solutions to the media and publishing industries"
"I look forward to working with the Company's leadership team to help drive iEnergizer's continued growth and expanding the strong bluechip customer base. With the shift to the digital world at a tipping point, iEnergizer's best in class technology is leading to market share gains and seeks to capitalise on significant opportunities afforded by this dynamic industry transformation."
Marc Vassanelli, commented:
"I am excited to contribute to the further growth of iEnergizer and look forward to working with the Board and the leadership team in doing so. iEnergizer's ability to optimize customers' digital content supply chains and its capabilities in digital content management position it to lead the industry transformation underway and to further strengthen its strategic partnerships with customers."
Enquiries:
iEnergizer c/oFTI Consulting 020 7831 3113
Anil Aggarwal, Chief Executive
Arden Partners 020 7614 5900
Steve Douglas/Adrian Trimmings
FTI Consulting 020 7831 3113
Jonathon Brill/Edward Westropp
Neil Allan Campling, age 43, is, or has been, a Director or Partner of the following other companies in the last five years:
Current directorships /partnerships Previous directorships
Aviate Global LLP none
Marc Andrew Vassanelli, age 43, is or has been, a Director of the following other companies in the last five years:
Current directorships Previous directorships
none G3 Partners LLC
The North Park Group LLC
Equiniti Group Ltd
Equiniti Enterprises Ltd
Equiniti Ltd
There is no other information in relation to either appointment which is required to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.