Business
Board Retirements
Yü Group PLC announced the upcoming retirement of two non-executive directors, John Glasgow and Tony Perkins, who will both depart in 2026 after successors are appointed. Glasgow, who joined in 2016, highlighted the company's growth from under £5 million in revenue in 2015 to £645 million in 2024. Perkins, who joined in 2020, noted his success in strengthening the audit function and risk governance, and expressed confidence in the company's resilience and strong leadership during volatile periods. A search for their replacements is currently underway. Disclaimer*
About this update from Yu Group Plc
[{"type":"text","content":"\n\n11 December 2025 \n \n \nYü Group PLC \n(\"Yü Group\", the \"Company\" or the \"Group\") \n \n \nBOARD RETIREMENTS\n \nYü Group (AIM: YU.), the independent supplier of gas and electricity, meter asset owner, and installer of smart meters to the UK SME sector, today announces the upcoming retirement of two non-executive directors. \n \nJohn Glasgow, Board Non-Executive Director and Tony Perkins, Senior Independent Director have both informed the Board of their intention to retire during 2026. A search for their successors is underway, and the Company will provide update once the process has been concluded. Both John and Tony will remain in their existing roles until such time as a successor for each is appointed.\n \nBobby Kalar, Chief Executive Officer, said: \n\"I would like to thank John for his invaluable support over the past decade having joined the Board when it listed in 2016. John has been instrumental in the success of the Group, and I wish him a very happy retirement.\n \nTony joined the board in 2020 with the principal task of strengthening our audit function and risk governance, he's successfully achieved that and more. I wish Tony all the best for the future.\n \nJohn Glasgow, Non-Executive Director, said.\n\"It has been an immense privilege to serve on the Board of Yü Group. In that time, the business has transformed, growing from revenues of less than £5 million in 2015 to £645 million in 2024, while our talented team has expanded more than ten-fold. I am very proud to have played a part in supporting Bobby and the leadership team in the development of our people, systems, and customer propositions during this extraordinary journey.\n \nAs I prepare to retire next year, I do so with great confidence in the Group's future. The strategy is proven, the talent and ambition are in place, and the market opportunity is stronger than ever. I have no doubt that Yü Group will go on to achieve even greater success.\"\n \nTony Perkins, Senior Non-Independent Director, said.\n\"I have thoroughly enjoyed my six years at Yü Group, witnessing the rapid evolution in performance across multiple metrics.\n \nAs Chair of the Audit Committee, I'm particularly pleased to see a firmly established, proactive risk management framework...