Last checked at 25 Apr 2012 14:44
SocialGO plc ("SocialGO" or the "Company")
Result of AGM & Board Changes
The Company announces that all resolutions were duly passed at the Company's Annual General Meeting ("AGM") held earlier today.
At the AGM, the Board was pleased to announce that Neil Goodall will be appointed as Chief Executive Officer of SocialGO with effect from 1 May 2012. Alex Halliday will remain on the Board as a director following Neil's appointment. The board changes are in line with the Company's strategy of moving its focus from product development to sales and marketing.
Neil has spent the last nine years working in the digital media industry. Between 2003 and 2006, Neil was European Managing Director for Tescom Plc, the then largest independent software testing company in the world. Neil focused on managing the sales activities of the company across Europe. During his tenure, revenue increased from approximately £5 million to approximately £18 million.
Neil was then headhunted by Testronic Laboratories UK Ltd to become Chief Executive Officer in 2006. Testronic provides testing and consultancy services to the computer games and home entertainment market. It is a subsidiary of the Catalis SE, which is listed on the Deutsche Borse. In the four years Neil worked with the Group, revenues grew from approximately €7m to approximately €34m as a result of significant organic growth and a number of transformational acquisitions.
Prior to working in the digital media industry, Neil spent over 20 years working at the Post Office/Royal Mail, where he latterly held a main board role as Banking Director and was responsible for delivering Europe's largest IT programme in 2003 that introduced a real time banking system into the Post Office and its 16,500 outlets.
SocialGO welcomes Neil to the Board. He brings a wealth of growth company and customer service experience to SocialGO as it now looks to further commercialise its service offering.
Dominic Wheatley, Chairman, commented:
"We are delighted to welcome Neil to the Board and believe he is well suited to drive our sales and marketing efforts in 2012 and beyond. This is an exciting year for SocialGO and we look forward to updating shareholders with our progress."
Save for the information above and below, there are no further disclosures to be made in accordance with Rule 17, Schedule Two (g) of the AIM Rules for Companies in respect of the appointment of Neil Goodall, aged 49.
Mr Goodall holds or has held the following directorships or partnerships over the last five years:
Current:
Acctest Ltd
Past:
Testronic Laboratories UK Limited
Testline UK Limited
Mr Goodall does not have any interests in the share capital of the Company.
For further information, please contact:
SocialGO plc |
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Dominic Wheatley, Chairman Neil Goodall, CEO | Tel: +44 (0)845 299 7289 |
| www.socialgoplc.com |
Deloitte LLP |
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Oliver Rigby / Jon Hinton | Tel: +44 (0)20 7936 3000
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First Columbus |
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Chris Crawford / Kelly Gardiner | Tel: +44 (0)20 3002 2070 |
| www.first-columbus.com |
Hill + Knowlton |
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Rebecca Ribbans / Mark Walsh | Tel: +44 (0)20 7413 3502 | |
| www.hillandknowlton.co.uk | |
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About SocialGO
SocialGO Plc is a developer and provider of software and related services that allows customers to build their own online social presence, SocialGO™. SocialGO's platform allows customers to quickly and easily create, manage and control their social media presence and provides the members of these websites with the ability to communicate and share with like minded people in a controlled and secure environment. SocialGO derives its revenues from subscription premiums paid by website owners and from selling value added services which allows website owners to maximise the social media experience and the revenues that can derive from creating and managing a social media presence. SocialGO is part of the burgeoning Silicon Roundabout in London, UK.
www.socialgo.com