23 Feb 2021 07:00
23 February 2021
The SimplyBiz Group plc
(the "Group" or "SimplyBiz")
John Milliken appointed CEO of Defaqto to lead next stage of growth following successful integration into The SimplyBiz Group
The SimplyBiz Group plc (AIM: SBIZ), the leading independent provider of fintech and support services to the UK's retail financial services sector, has appointed John Milliken to its Executive Leadership team as the new CEO of Defaqto, the UK's leading research, ratings and fintech business.
John's extensive experience in scaling technology companies and leading the deployment of digital services will be crucial as he works on expanding Defaqto's market reach and accelerating growth from its unique software platform and data assets, following its successful integration into the wider Group.
John has led and scaled various fintech, SaaS, enterprise software and deep-tech businesses as both CEO and COO. His practical experience of sustainably growing technology companies includes doubling ARR in his most recent role as CEO of Cantab Research and scaling rapid growth as COO of Infomedia.
Zahid Bilgrami, the current Defaqto CEO, has been working on this planned transition for the previous six months and will ensure a smooth handover to John, who joins on 1 March 2021. Zahid is expected to leave the business during April 2021.
Neil Stevens, Joint CEO of The SimplyBiz Group, commented: "I am delighted to welcome John to The SimplyBiz Group. With his extensive track record, we are confident that he will make an excellent addition to our Executive Leadership team and a significant contribution towards the implementation of our digital strategy. Defaqto is a vibrant business with a very capable management team and a great roadmap of products. John's experience and leadership will be particularly valuable as we expand market reach and extend our value proposition to new and existing customers.
"On behalf of all of our teams, I would like to take this opportunity to thank Zahid for his fantastic contribution, especially during the seamless integration of Defaqto into the wider Group. I wish him every future success."
John Milliken, commented: "I am excited and energised to be joining The SimplyBiz Group at such a pivotal time for the business. I am looking forward to working with the exceptional team at Defaqto to continue to drive growth and deliver value to new and existing customers, as well as to explore ways in which we can expand our reach to new areas of the market."
For further information please contact:
The SimplyBiz Group plc via Instinctif Partners
Matt Timmins (Joint Chief Executive Officer)
Neil Stevens (Joint Chief Executive Officer)
Zeus Capital (Nominated Adviser and Joint Broker) +44 (0) 20 3829 5000
Martin Green
Dan Bate
Pippa Hamnett
Liberum (Joint Broker) +44 (0) 20 3100 2222
Cameron Duncan
James Greenwood
Ed Phillips
Instinctif Partners (Financial PR) +44 (0) 78 3767 4600
Mark Walter SimplyBiz@instinctif.com
Lewis Hill