Business
Directorate Succession
Directorate Succession.
About this update from Quartix Technologies Plc
[{"type":"text","content":"\n \n \n \n \n \n Quartix Technologies plc\n \n \n (\"Quartix\", \"the Group\" or \"the Company\")\n \n \n \n Directorate Succession\n \n \n \n The Board of Quartix Technolgies plc (\"Quartix or the \"Company) is pleased to announce that Russell Jones has today joined Quartix as an Independent Non-Executive Director.\n \n \n Russell has over 25 years of experience in marketing, strategy, business development and operations in publicly listed technology companies including Vodafone and CK Hutchison as well as with smaller private companies. All included operations specialising in SaaS and recurring revenue business models and some were involved in the telematics market. With extensive, recent experience in B2B software marketing and European new market entry, Russell will help to support Quartix in accelerating revenue growth in a sustainable way. He also becomes chair of Quartix's ESG Committee, taking over from Andy Walters. Russell holds a Masters degree in Chemical Engineering from Cambridge University, and an MBA from Warwick Business School.\n \n \n The Company also announces that Andy Walters has advised that he intends to retire from the Board of Quartix. Andy led the Company for 20 years as CEO from its incorporation in 2001 until the appointment of Richard Lilwall as CEO last year. Since then he has served as a non-executive director, supporting the Board as Quartix has continued its growth and geographic expansion. He will remain on the Board until Q1 2023 in order to conduct an orderly transition and handover with Russell Jones. Andy expects to stand down following the publication of the Company's 2022 results.\n \n \n \n Paul Boughton, Non-Executive Chairman commented\n \n ;\n \n \n \n \"We are delighted to welcome Russell to the Board. His deep knowledge and experience of growth oriented B2B recurring revenue business will be invaluable as Quartix continues to grow and to scale up in new and existing territories.\n \n \n \n \n It is impossible to overstate Andy's contribution to building Quartix to the market leading business it is today. From being the founder and first employee in 2001 he has been instrumental in growing the Quartix business from its inception, initially in the UK followed by expansion overseas in France and the USA. He also led Quartix's successful IPO in November 2014, the repositioning of...