Back to Regulatory News

Appointment of Independent Non-Executive Director

RNS Number : 1068T
Eleco PLC
23 March 2021
 

23 March 2021

Eleco plc

(“Eleco”, the “Company” or the “Group”)

 

Appointment of Independent Non-Executive Director

 

Eleco plc, the AIM quoted construction software specialist, is pleased to announce the appointment of Paul Boughton to the Board as an Independent Non-Executive Director of the Company with immediate effect.

 

Paul is currently Chair of Quartix Technologies plc, the telematics and vehicle analytics company, having joined in 2014 ahead of its successful IPO. Paul has 30 years of executive experience in identifying, negotiating and completing acquisitions in the USA and Europe. Paul spent thirteen years as Business Development Director for Spectris plc, and subsequently held similar positions at IMI plc, Consort Medical plc and Brammer plc. He was a Non-Executive director of London Bridge Software plc and Raymarine plc earlier in his career. Paul has a BSc in Business and Managerial Economics from the University of Hull and is a Fellow of the Institute of Chartered Accountants.

 

Commenting on his appointment, Paul Boughton said:

 

“I am delighted to be joining Eleco at such a pivotal and exciting time in its growth plans. I hope to contribute both to its financial and strategic development, particularly in international expansion.”

 

Serena Lang, Executive Chairman, commented:

 

“On behalf of the Board, I would like to welcome Paul as an Independent Non-Executive Director. Eleco will greatly benefit from the wealth of commercial, financial and M&A experience that he brings.  As Chair of Quartix Technologies plc Paul is also familiar with the QCA Code and has broad public company experience.

“Since I was asked to take over the role of Executive Chairman, following the resignation of my predecessor in September 2020, it has been one of our key priorities to strengthen our Board, whilst giving careful consideration to ensure we are bringing the right expertise, independence and support to Eleco. Paul’s extensive M&A experience, knowledge of the US, German and Scandinavian markets (as well as the UK) and of transitioning from a perpetual to a SaaS/recurring revenue model, will add tremendous value to the Board.

“Paul’s appointment is testament to Eleco’s rigorous commitment to making quality appointments that will complement the Board and support the Group’s long-term growth. Over the course of the next six months, the Board also plans to appoint another Independent Non-Executive Director to further strengthen the leadership team at Eleco.”

 

For further information, please contact:

 


Eleco plc

Tel: +44 (0)20 7422 8000

Serena Lang, Executive Chairman


Jonathan Hunter, Chief Executive Officer

Ben Moralee, Group Finance Director


 

finnCap Limited

 

Tel: +44 (0)20 7220 0500

Geoff Nash / Kate Bannatyne / (Nomad)


Richard Chambers / Charlotte Sutcliffe (ECM)


 

SEC Newgate

 

Tel: +44 (0)20 3757 6880

Elisabeth Cowell / Bob Huxford/ Isabelle Smurfit

eleco@secnewgate.co.uk

 

 

About Eleco plc

Eleco plc is an AIM-listed (AIM: ELCO) specialist international provider of software and related services to the Architectural, Engineering, Construction and Owner/Operator (AECO) industries and interior furnishing industries from centres of excellence in the UK, Sweden, Germany, Netherlands and the US.

The Company’s market-leading Elecosoft software solutions are developed by teams in the United Kingdom, Sweden and Germany, and its solutions cover project management, estimating, timber engineering, CAD and visualisation, asset and facility management and cloud-based digital marketing solutions.

For further information please visit www.eleco.com.

Regulatory Disclosures:

 

The following information regarding the appointment of Paul Victor Boughton, age 65, is disclosed under Schedule 2(g) of the AIM Rules for Companies:

 

Current directorships and/or partnerships:

Former directorships and/or partnerships (within the last five years):

Quartix Holdings plc

None

Esher Place Residents Limited


Tuckwell Chase Lottery Limited


Missing People Limited


Shooting Stars Childrens Hospice


Chase Trading Limited


Shooting Star Marketing Limited


 

Mr Boughton has no shareholding in the Company.

 

There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 
 

BOAPPUWUWUPGPGP

Related News

Dividend Timetable

RNS Number : 2920Y Eleco PLC 12 May 2021   Eleco plc ("Eleco" the "Company") Dividend Timetable   Eleco Plc (AIM: ELCO), the AIM-listed construction...
Read more

Result of AGM

RNS Number : 8298X Eleco PLC 06 May 2021   Eleco plc ("Eleco" or the "Company")   Result of AGM     Eleco plc (AIM:...
Read more

Q1 Trading Update

RNS Number : 1457X Eleco PLC 30 April 2021   30 April 2021   Eleco Plc ("Eleco" or the "Group")  Q1 Trading Update  Eleco Plc...
Read more