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20 Mar 2014 07:01
20 March 2014
WANdisco plc
("WANdisco" or the "Company")
Chairman Appointment
London, UK - WANdisco (LSE: WAND), the provider of continuous availability software for global enterprises to meet the challenges of Big Data, is pleased to announce that non-executive director Paul Walker will become non-executive Chairman with immediate effect.
David Richards has held the positions of Executive Chairman and Chief Executive Officer since WANdisco's IPO in June 2012. Since then, the company has grown substantially and made progress on the strategic goals set at IPO beyond the Board's original expectations. With this success and rapid development in mind and in-line with corporate governance best practice, the two roles will be split. This is part of the Board's ongoing plans to ensure that WANdisco has the best team in place to take the business to the next level.
David Richards, WANdisco Chief Executive Officer, said:
"I am delighted that Paul Walker has agreed to become WANdisco's non-executive Chairman. The considerable experience he brings as the former CEO of the UK's largest software company, Sage, a FTSE 100-listed company and the breadth of knowledge he has gained from holding several other board level positions, is invaluable. Paul and I will work together over the coming years to develop WANdisco into a major, global player in the technology sector. WANdisco is a fast growing company and we are at a hugely exciting time in our development. The Board and I believe this structure will best support our current and future growth plans as we scale the business."
Paul Walker served as Chief Executive Officer of The Sage Group Plc from 1994 to 2010. Paul joined Sage as Company Accountant in 1984 and served as its Finance Director from 1987 until 1994. Paul has been a non-executive director of Experian plc since June 2010. He has also served as non-executive Chairman of Perform plc since 2011 and as non-executive director and Chairman of Halma plc since April 2013. Paul is Chair of the Newcastle Science City Partnership and a director of the Entrepreneurs' Forum. He previously served as a non-executive director of Diageo plc and MyTravel plc.
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For further information please contact:
WANdisco plc | via FTI Consulting LLP |
Paul Walker, Chairman David Richards, Chief Executive Officer Paul Harrison, Chief Financial Officer
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FTI Consulting LLP | +44 (0)20 3727 1000 |
Matt Dixon / Sophie McMillan / Jon Snowball / Roger Newby
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Panmure Gordon (UK) Limited (Joint Broker and NOMAD) | +44 (0)20 7886 2500 |
Fred Walsh / Grishma Patel / Ben Roberts (Investment Banking) Adam Pollock / Charles Leigh-Pemberton (Corporate Broking)
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UBS Investment Bank (Joint Broker) | +44 (0)20 7568 8000 |
Tim Pratelli / Sandip Dhillon |
Ends
About WANdisco
WANdisco (LSE: WAND) is a provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and availability. WANdisco's products are differentiated by the company's patented, active-active data replication technology, serving crucial continuous availability (CA) requirements, including Hadoop Big Data and Application Lifecycle Management (ALM), including Apache Subversion and Git. Fortune Global 1000 companies, including Juniper Networks, Motorola, Intel and Halliburton, rely on WANdisco for performance, reliability, security and availability. For additional information, please visit www.wandisco.com.
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