Last checked at 6 Jun 2014 07:00
06 June 2014
Telecom Plus PLC
Directorate Change
Telecom Plus PLC (trading as the Utility Warehouse), which supplies a wide range of utility services to both residential and business customers, today announces that Chris Houghton (Finance Director) will be leaving the company on 3 October 2014 to pursue new challenges. He will continue in his executive board role until his departure to assist with an orderly handover of responsibilities.
Chris joined the Company in September 2008 and was appointed Finance Director in February 2009. He has played an important role as a member of our senior management team during a period of significant growth - revenues, profit before tax, earnings per share and dividends per share have all more than doubled since he joined - and in completing the fund raising last year associated with our acquisition from npower. During this time the Company also entered the FTSE250.
A search for a new Chief Financial Officer is underway and an appointment will be made in due course.
Andrew Lindsay, Chief Executive, said:
"I would like to thank Chris for the real contribution he has made to the success of Telecom Plus over the last six years; he has been a key member of our senior management team during a period in which we have achieved growth and have significantly improved the financial strength of the business. I have hugely valued his unwavering support and, on behalf of the Board, wish him well in his future career.
"We have initiated the search for our future CFO and are confident that we will attract a high quality individual with a broad range of skills to help us achieve our goal of increasing our share of the market to 1 million households and beyond over the coming years."
For more information please contact:
Telecom Plus PLC
Charles Wigoder, Executive Chairman 020 8955 5000
Andrew Lindsay, Chief Executive
MHP Communications
Reg Hoare / Katie Hunt / Giles Robinson 020 3128 8100
About Telecom Plus PLC ('Telecom Plus'): www.utilitywarehouse.co.uk
Telecom Plus, which owns and operates the Utility Warehouse brand, is the UK's only fully integrated provider of a wide range of competitively priced utility services spanning both the Communications and Energy markets.
Customers benefit from the convenience of a single monthly statement, consistently good value across all their utilities and exceptional levels of customer service. Telecom Plus does not advertise, relying instead on 'word of mouth' recommendation by existing satisfied customers and distributors in order to grow its market share.
Telecom Plus also has a 20% shareholding in Opus Energy Group Ltd, a successful, profitable and fast growing independent supplier of Gas and Electricity to small, medium and large business customers.
Telecom Plus is listed on the London Stock Exchange (Ticker: TEP LN). For further information please visit: www.telecomplus.co.uk.