17 May 2010 07:00
EXPANSYS APPOINTS CHIEF OPERATING OFFICER
eXpansys plc ("eXpansys" or the "Company"), a leading online retailer of consumer and wireless technology, is pleased to announce the appointment of Timothy (Tim) Eltze ACMA, aged 38, to the newly created role of Chief Operating Officer.
Tim is currently Chief Operating Officer of Data Select Limited, one of the UK's leading distributors of mobiles phones and accessories. He has been with Data Select since February 2006 and has overseen substantial change and growth in this period. Prior to this, Tim was European Commercial Finance Director at Maritz, the US based global sales and marketing services business, with responsibility for financial, commercial and legal activities relating to all the company's European sales. Tim was Commercial Finance Manager and, latterly, Head of Finance for O2 UK from 2000 to 2004, where he was closely involved in delivering operational performance and enhanced shareholder returns for the company.
Tim joins eXpansys and the Board with immediate effect and will take up the role full time from 11 June 2010.
Anthony Catterson, Chief Executive Officer of eXpansys, said: "This is a significant strategic appointment for eXpansys. Tim has a robust financial background but has also driven aggressive and successful growth strategies through his significant commercial expertise. His global operational experience will be valued by the Company, as we strive to deliver an enhanced customer experience and, ultimately, greater shareholder value. On behalf of everyone at eXpansys, I welcome Tim to the Board."
Tim has a beneficial interest in 1,300,000 shares of the Company. These shares are held by an Employee Benefit Trust and this holding represents 0.73% of the Company's issued share capital.
Disclosures required under Schedule 2, paragraph (g) of the AIM Rules:
| Directorships | From | To |
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| Sheer Indulgence Limited | January 2004 | Present |
| Longworth Drive (Maidenhead) Pumping Station Limited | December 2008 | Present |
For further information, please contact:
| Rawlings Financial PR Limited | Tel: +44 (0) 1653 618 016 |
| Catriona Valentine
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| Cenkos Securities plc | Tel: +44 (0) 20 7397 8926 |
| Stephen Keys
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| eXpansys investor relations website | www.expansys.plc.uk |
Xps Pensions (XPS)