Business
Helios Towers Announces CEO Transition
Helios Towers Announces CEO Transition.
About this update from Helios Towers Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0892J\n Helios Towers PLC\n 18 August 2021\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \n \n \n \n \n Helios Towers Announces CEO Transition\n \n \n \n \n \n \n \n \n \n \n \n London, 18 August 2021: Helios Towers plc (\"Helios Towers\", the \"Group\", the \"Company\"), the independent telecommunications infrastructure company, today announces that Kash Pandya has informed the Board of his decision to retire as Chief Executive Officer with effect from the Company's AGM in April 2022. Effective upon his retirement and at the Board's request, Kash will move into a new role as non-executive Deputy Chairman of the Company. In an orderly transition, the Board is also pleased to announce that Tom Greenwood, currently Chief Operating Officer, has been appointed CEO-Designate with immediate effect. Tom will formally take up the Chief Executive Officer role from Kash following the AGM in April 2022.\n \n \n \n \n \n During his tenure as CEO, Kash has led Helios Towers through a successful listing on the London Stock Exchange, multiple financing transactions across the equity, equity linked and debt capital markets, and overseen the Company's expansion from four markets to eleven, including recent acquisition agreements that are subject to completion, making Helios Towers the most diversified tower company operating in the Africa and Middle East region. In addition to the Deputy Chairman role, Kash will also pursue other non-executive opportunities.\n \n \n \n \n \n Tom Greenwood joined Helios Towers in 2010. He became Chief Financial Officer in 2015, where he led the Group's journey from private to public, first through the issue of debt onto the public markets in 2017, and later, the Group's IPO on the London Stock Exchange in 2019. \n \n \n \n \n \n Since becoming COO in 2020, Tom has overseen a period of significant growth, including the recent acquisitions in six new markets, as well as taking responsibility for many of the CEO's previous direct reports. Tom's transition to COO leaves him well positioned to succeed Kash as CEO and his appointment as CEO-designate follows a succession planning process overseen by the Board. This included an external benchmarking exercise and review of Helios Towers' peer set and the broader market, led by ...