IND.L Regulatory News (IND)

DIRECTORATE CHANGE

The Board of IndigoVision Group plc ("IndigoVision") announces that Oliver Vellacott is stepping down as Chief Executive Officer. Oliver led IndigoVision's early development from its inception, but having taken the business to this stage the time is now right for him to hand over the leadership of the Company.

IndigoVision's Board of Directors has appointed Marcus Kneen, currently Chief Financial Officer, to succeed Oliver in the role of Chief Executive Officer. Marcus joined IndigoVision in 2003 and has had a key role in the development of the business since then.

The four regional sales directors, covering APAC, EMEA, Latin America and North America will report to Marcus who will also chair the Executive Committee, consisting of the heads of Engineering, Product Management, Operations and Finance.

The Board has also appointed Holly McComb, currently Financial Controller, to succeed Marcus as Chief Financial Officer. Holly joined the business in 2006 and holds a First Class Engineering degree from Edinburgh University and is a member of the Institute of Chartered Accountants of England and Wales.

Hamish Grossart, Chairman, commented "Oliver leaves the business with a strong and experienced senior management team many of whom have been with the business for a considerable time and who are committed to build on the solid foundation Oliver created. Oliver founded IndigoVision in 1994, building the business to where it is today, delivering into 82 counties and with IndigoVision people in 24 countries. The Board wishes to thank Oliver for his excellent contribution and leadership over the last 17 years and wishes him every success for the future.

Marcus has taken an increasing role in the business in recent years and the Board is pleased that he has accepted their invitation to succeed Oliver as Chief Executive. He has been closely involved in IndigoVision's international expansion and has overseen the recent improvement in trading. He is therefore ideally suited to the task of taking the Group forward in the next stage of its development.

In Holly, we have a very capable Chief Financial Officer who has been second-in-command to Marcus for five years."

For further information please contact:

Notes to Editors

About IndigoVision

IndigoVision is a leading manufacturer of end-to-end IP security management solutions. IndigoVision is widely chosen for applications in airports, cities, retail, ports, mining & petrochemicals, road & rail systems, education, finance, casinos, law enforcement, government and the military. These enterprise-class systems improve organizations' operational efficiency, enhance public safety and enable timely emergency response. 

IndigoVision is headquartered in Edinburgh UK, with its own local sales and support people in 24 countries across the world. IndigoVision partners with some 373 authorized system integrators and installers in 76 countries to provide local system design, installation and service to end users.