SVR.L Regulatory News (SVR)

6 Nov 2008 07:00



6 November 2008

ServicePower Technologies PLC

("ServicePower" or the "Company")

Appointment of Interim CFO

ServicePower (AIM: SVR), a market leader for outsourced service and field management, is pleased to announce the appointment of Nanette Kreamer as Interim CFO with immediate effect. Based in ServicePower's Annapolis office in the US, Nanette will report to Mark Duffin, CEO and the Board of ServicePower. 

Nanette will oversee all financial aspects of the Company, supported by Sally Gillings, Financial Controller, in the UK. 

Nanette has over 20 years experience as a senior financial officer for US-based publicly-held companies ranging from $150 million to $2 billion in revenues, including the role of Interim CFO for private-equity owned O'Currance, Inc. a telemarketing company; Vice President, Finance and Treasurer of TeleCommunication Systems, Inc. a $150 million, NASDAQ-listed, international wireless location and text messaging software and service provider; and Vice President, Finance and Treasurer of SITEL Corporation, a $900 million NYSE-listed provider of teleservices.

Nanette will hold the role of Interim CFO whilst the Board continues the search for a permanent CFO. The Interim role is not a Board position. 

Mark Duffin, CEO of ServicePower Technologies PLC, commented, "We are delighted to welcome Nanette onto the management team of ServicePower. I am confident that her many years experience in the financial management of high growth publically listed companies will be of great value to us as we seek to capitalise on our market leading position and build on the financial improvements implemented during the restructuring of the business earlier this year." 

For further information, please contact:

About SERVICEPower

SERVICEPower, currently publicly traded on the AIM market operated by the London Stock Exchange (AIM:SVR), allows companies to locate their employed field resources in the right geography, ensure they have the right mix of skills, and outside this geography create a network of independent, authorised service contractors whose costs are efficiently managed by our sophisticated warranty management software. The schedules and routes for both the employed field resources and the independent servicers are optimised by SERVICEPower's technology to ensure the right balance between the cost of operations and ensuring customers receive a superior service experience.