Business
Board Changes
Board Changes.
About this update from Yu Group Plc
[{"type":"text","content":"\n \nRNS Number : 0624Z Yu Group PLC 08 January 2020 \n\n \n8 January 2020\nYü Group PLC (the \"Group\")\nBoard Changes\n \nYü Group PLC (AIM; YU.), the independent supplier of utilities to the UK corporate sector, today announces that Mr Ralph Cohen, Chairman of the Board, a position he has held since the Group was admitted to trading on AIM in 2016, will be stepping down from his role and leaving the Board following a period of transition. The Group is pleased to announce the following appointments have been made to the Board with immediate effect:\n \nIndependent Non-Executive Chairman\nRobin Paynter Bryant today joins the Board as Non-Executive Chairman. Robin has over 30 years' experience working in the City of London for a number of financial institutions, having joined Hill Samuel & Co. Ltd in 1983 to work on asset, liability and treasury risk management for utility and large companies. He has a strong background in regulation, compliance and corporate governance and advised companies such as Severn Trent Water Plc, Endesa SA, Italgas SpA and Centrex European Energy & Gas AG. From 2012 to 2016 Robin was a Non-Executive Director of the UK Water Economic Regulatory Authority, OFWAT.\n \nSenior independent Non-Executive Director\nTony Perkins today joins the Board as senior independent Non-Executive Director. Tony has had a long career at accountants BDO where he was appointed a partner in 1990, having joined in 1980. He has acted for many fully listed and AIM companies in the professional services, natural resources, technology, manufacturing and retail sectors. He has extensive experience in financial, governance and risk management and has advised on corporate strategy, transactions and expansion of businesses in the UK and internationally. Tony has held senior management positions at BDO as a member of the firm's Leadership Team including Head of its London Operations and National Head of Audit.\n \nCommenting on his departure, Ralph Cohen said: \"I have been honoured to be Chairman of Yü Group, through the IPO and rapid development of the business, notwithstanding the challenges we have faced. I wish the Group, the Board and all stakeholders every success in the future.\"\n \nBobby Kalar, Chief Executive Officer of Yü Group, commented: \"I would like to thank Ralph ...