Eleco PLC - Directorate Change
("Eleco" or the "Company" )
Eleco plc, the AIM quoted construction software specialist, announces that
The Board is pleased to announce that
John has decided that, after 23 years in the role and having been instrumental in transforming the business into the profitable and growing software specialist of today, it is an appropriate moment to retire from the Company and provide the opportunity for a fresh perspective from the position of Chairman to focus the Board on the substantial new opportunities that lie ahead.
On the eve of his retirement, John said:
"I have decided it is the right time for me to stand down after so many years of service and hand the reins over. I am so pleased to be able to do so at the same time as we announce truly outstanding Interim Results.
When I was invited to join Eleco in 1997 to help rescue the Company, at the request of its then stockbroker Cazenove, the share price was just 7p and the business almost bankrupt. I am proud to leave Eleco in a very different position as a genuine market-leader in the provision of software and related support services to the construction industry. I am humbled by the confidence shareholders have shown in me throughout my tenure and I thank them for it.
Having worked with Serena and Jonathan for many years, I have full confidence they will skilfully navigate Eleco towards an ever-brighter future as Chairman and Chief Executive, respectively. I wish them every success and good fortune in their new roles.
I also wish success and good fortune to each and every employee of Eleco, the backbone of our businesses, be they in the
For further information, please contact:
Tel: +44 (0)20 7422 8000
| || |
| || |
Tel: +44 (0)20 7220 0500
| || |
| || |
Tel: +44 (0)20 3757 6880
About Eleco plc
Eleco plc is an AIM-listed (AIM:ELCO) specialist international provider of software and related services to the Architectural, Engineering, Construction and Owner/Operator (AECO) industries and interior furnishing industries from centres of excellence in the
The Company's market leading, Elecosoft, software solutions are developed by teams in the
Quick facts: Elecosoft
Market Cap: -
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE