18 Feb 2015 09:57
18 February 2015
Insetco plc
("Insetco" or the "Company")
Directorate Change
The board of the Company is pleased to announce that Colin Walker has been appointed to the board as Non-executive Director with immediate effect.
The board further announces that Gideon Israel has resigned with immediate effect.
Colin Edward Walker (age 63)
Mr Walker career has predominantly been in online and retail gaming. In 1987, he joined Ladbrokes plc and held senior management positions including Marketing Director and Managing Director of various divisions.
In 1999, Mr Walker joined Sportingbet plc as Group Operations Director and served as part of the management team that took the company public, floating the company on AIM. Later he joined Canbet Ltd, an Australian gaming company, as Chief Executive to turnaround the business and effect a trade sale. Following this he joined Betcorp plc, an Australian listed online gaming company as Group Chief Executive and acquired a second quotation on AIM during his tenure. In 2010/11 he was Executive Chairman of GameAccount Network plc.
More recently, Mr Walker's experience has been with Property management businesses.
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Mr Walker is a Member of the Chartered Institute of Management Accountants and a Member of the Institute of Marketing. He also holds an MBA from the Harvard Business School.
Present directorships / partnerships | Former directorships / partnerships held over past 5 years |
Meridian South Block H Management Limited | Gameaccount Network PLC |
15 Northbrook RTM Company Limited | 20 Manor Park Limited |
20 Manor Park SE13 RTM Company Limited | Viagente Limited |
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There are no further disclosures under Schedule 2 (g) of the AIM Rules.
Ivan Couchman, Executive Chairman, commented, "We are delighted to welcome Colin to the board and we are confident that his particular skills in spreading risk and assessing probabilities will be invaluable in the monitoring and assessing services that Insetco provides its partners with the life settlement policy portfolios. These skills add further strength to the future vision for Insetco outlined to the market earlier. His overall business experience will also be helpful in driving the Company forward.
We would also like to take this opportunity to thank Gideon Israel for his time with the Company both as Chairman until October 2014 and, more recently, as a Non-executive Director. We wish him well with his private business interests."
Insetco plc |
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Barry Heath | 07788 376480 |
Ivan Couchman | 07970 377669 |
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Cairn Financial Advisers LLP Nominated Adviser |
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Jo Turner / Liam Murray | 020 7148 7900 |