Business
Board Change
Board Change.
About this update from Yu Group Plc
[{"type":"text","content":"\n \nRNS Number : 4115C Yu Group PLC 10 February 2020 \n\n10 February 2020\nYü Group PLC\n(\"Yü Group\" or the \"Group\")\n \nBoard Change\n \nYü Group PLC, the independent supplier of gas, electricity and water to the UK business sector, is pleased to announce that current Board Director, Garry Pickering, will take on a new role within the Group, effective immediately. \n \nGarry's undivided attention will now be on the hedging, risk management and operational forecasting and analysis activities required of a gas and electricity portfolio. As Director of Trading Services, Garry will also explore external development opportunities to expand the Group's gas shipping services and other specialised energy trading related solutions. Garry will retire his PLC Board duties to focus on this new role.\n \nCommenting on the appointment, Bobby Kalar, Chief Executive of Yü Group, said: \"Garry has been with the Group since before we listed on AIM and his specialist knowledge of the electricity and gas markets gained in over 20 years in the industry is invaluable. The Board is keen to leverage that knowledge for greater Group benefit and recognise that his skill set lies in the technical side of risk management and designing new services. I am delighted that the business will continue to benefit from his niche expertise in a role dedicated to manage risk, trading and hedging whilst also exploring new growth opportunities, including our gas shipping offering. Garry will remain an integral part of the team as we implement our strategy and focus on the key areas that will ensure our long-term profitable growth.\"\n \nFollowing this Board change, the Group Board will consist of three Non-Executive Directors and two Executive Directors, comprising:\n \nRobin Paynter Bryant, Independent Non-Executive Chairman\nAnthony Perkins, Senior Independent Non-Executive Director\nJohn Glasgow, Independent Non-Executive Director\nBobby Kalar, Chief Executive Officer\nPaul Rawson, Chief Financial Officer\n \nThe Audit Committee will now comprise Anthony Perkins (Chair), John Glasgow and Robin Paynter Bryant.\n \nThe remuneration committee will now comprise John Glasgow (Chair), Anthony Perkins and Robin Paynter Bryant.\n \n \n \nFor further information, please contact:\n \n\n\n\nYü G...