14 Jul 2015 07:00
14 July 2015
Coms plc
("Coms" or the "Company")
Appointment of Chief Executive and Chief Financial Officer
The Board of Coms (AIM: COMS) is pleased to announce that it has reached agreement with Mark Braund, to become Chief Executive of Coms plc. Mark has been CEO of Interquest Group plc ("Interquest") for 4 years and has extensive experience in senior roles in the UK and North America. Mark has also been a non-Executive director of Coms plc since 9 March 2015. Mark will assume his full time CEO duties once he has completed an orderly handover of his responsibilities at Interquest.
In addition, the Board is pleased to announce the appointment of Spencer Dredge as Chief Financial Officer. Spencer has been an interim finance Director at Coms since March 2015 and has extensive turnaround experience, particularly with businesses in the telecoms, IT services and software sectors.
Frank Beechinor, Chairman, commented: "Since the departure of the pervious CEO in March our priority has been to appoint an experienced senior executive management team. We are delighted that Mark has agreed to take the role of Chief Executive at Coms. Since joining the Board as a non-executive director earlier this year, Mark has made a valuable contribution and I am certain that Coms and its shareholders will greatly benefit from Mark's experience in his new full time executive role.
We are also delighted to announce the appointment of Spencer as CFO. Spencer has extensive experience as an accountant in both public and private companies. In the time he has spent with the group since March of this year has gained an in-depth understanding of the operations of Coms and demonstrated his capacity for hard work".
For further information, please contact:
Coms plc
Frank Beechinor (Chairman) +44 (0) 207 138 3204
Charles Stanley Securities +44 (0) 207 149 6000
(Nominated Adviser and Broker)
Karri Vuori / Philip Davies