Last checked at 17 Feb 2016 07:00
For Immediate Release 17 February 2016
Tribal Group plc
("Tribal" or "the Group")
Appointment of Chief Executive Officer
The Board of Tribal is pleased to announce the appointment of Ian Bowles as Chief Executive Officer. Ian will join the Group and hold a Board position with immediate effect and, following a period of transition, assume the role of Chief Executive Officer on 1 March 2016.
Ian joins Tribal with a strong track record of driving financial and operational improvement and shareholder value creation, having held Board and other senior management positions across a number of leading IT companies. Most recently he was from 2007 to 2015 Chief Executive Officer of Allocate Software, an AIM listed leading international provider of specialist workforce management optimisation and corporate governance, risk & compliance software, where he oversaw strong organic and acquisitive growth in revenue and profits and its sale to HgCapital in 2015. Prior to joining Allocate Software Ian was from 2004 Chief Operating Officer of Clearswift, the information security company, where he oversaw the Company's restructuring, rebranding and new marketing strategy, leading to a material improvement in the Company's performance.
Other senior roles during Ian's 30 year career include positions at Interwoven (now part of the HP Market Optimisation business group), Chordiant Software and Oracle.
There are no other disclosures that are required to be made in respect of Ian's appointment pursuant to paragraph 9.6.13R of The Listing Rules.
Rob Garner, who has undertaken the role of Tribal's Interim Chief Executive since July last year, has agreed to remain with the Group until 30th April 2016 to enable an orderly management transition.
Commenting, Richard Last, Chairman said:
"I am delighted to welcome Ian to Tribal. He has a strong track record of driving performance and shareholder value in technology businesses operating in international markets, and the Board looks forward to working with him."
"The Board also expresses its gratitude to Rob Garner for leading the Company during his period as Interim CEO. I personally would like to thank Rob for his support since my appointment in November last year."
Commenting, Ian Bowles said:
"I am excited to be joining Tribal and look forward to working with the team to address its challenges and take the business forward in domestic and international markets."
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Tribal Group plc Tel: 0117 311 5293
Richard Last, Chairman
Investec Tel 0207 597 4000
Rowena Murray
Weber Shandwick Financial Tel: 020 7067 0700
Nick Oborne
Tom Jenkins
Editors' note:
Tribal is a leading provider of software and services to the education management market. We build world-leading student management software, and provide performance improvement and quality assurance solutions across
universities, colleges and schools, in the UK and internationally.
More information about Tribal is available online at www.tribalgroup.com.