Business
Board Change
Board Change.
About this update from Cloudcoco Group Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by CloudCoCo to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended. \n \n27 June 2024\n\nCloudCoCo Group plc\n(\"CloudCoCo\", the \"Company\" or the \"Group\")\n \nBoard Change\n \nCloudCoCo (AIM: CLCO), a leading UK provider of managed IT services and communications solutions to private and public sector organisations, today announces that Non-Executive Director, Jill Collighan has stepped down from the board, taking effect from 30 June 2024, to focus on her CFO duties at MXC Capital Limited. \n\nJill has been a non-executive director since 2017, where she has served as chair of the Audit Committee and a member of the Remuneration Committee.\n\nSimon Duckworth will replace Jill as interim chair of the Audit Committee with immediate effect and Ian Smith (CEO of MXC Capital Limited) will continue in his role of consultant to the Board and will represent MXC Capital's interests in the business.\n\nThe Board will seek to appoint a new Non-Executive Director to the Board as soon as possible and will provide further updates when appropriate.\n \nSimon Duckworth, Non-Executive Chair, commented:\n \n\"On behalf of the board and management team, I would like to thank Jill for her contribution and service to the company throughout her tenure.\" \n\nContacts:\n \n\n\n\n\nCloudCoCo Group plc\nSimon Duckworth (Non-Executive Chair)\nDarron Giddens (CFO)\n \n\n\n Via Alma\n\n\n\n\nAllenby Capital Limited - (Nominated Adviser & Broker)\nJeremy Porter/Daniel Dearden-Williams (Corporate Finance)\nTony Quirke/Amrit Nahal (Equity Sales)\n \n\n\n Tel: +44 (0)20 3328 5656\n \n\n\n\n\nAlma Strategic Communications\nDavid Ison\nKieran Breheny\nWill Merison\n \n\n\n Tel: +44 (0)20 3405 0205\[email protected]\n \n \n\n\n\n\nAbout CloudCoCo\n \nSupported by a team of industry experts and harnessing a diverse ecosystem of partnerships with blue-chip technology vendors, CloudCoCo makes it easy for private and public sector organisations to work smarter, faste...