Alternative Networks plc Board Changes (0173P)
June 03 2015 - 2:01AM
UK Regulatory
TIDMAN.
RNS Number : 0173P
Alternative Networks plc
03 June 2015
3(rd) June 2015
Alternative Networks plc
("Alternative Networks" or the "Company")
Board Change
Edward Spurrier, Chief Executive Officer ("CEO") of Alternative
Networks, has announced that he is to step down as both CEO and as
a director of the Company on 30 September 2015, being the end of
the Company's financial year. Edward has previously notified the
board of his intention to retire at a point when an appropriate
successor was appointed.
After a careful selection process, the Board has now decided to
appoint Mark Quartermaine as CEO from 1 October 2015. Mark
Quartermaine is currently Chief Operating Officer of Alternative
Networks, a position he has held for over 12 months, having
previously been a non-executive director of the Company.
Following his appointment as CEO, announced in December 2012,
Edward has overseen a period of important change and growth for
Alternative, making a number of transformational acquisitions and
senior management appointments, and significantly, doubling the
value of the Company. He will be leaving to pursue a range of
business advisory roles.
Edward Spurrier commented: "I feel I have achieved everything I
set out to achieve when I started my career here at Alternative
Networks, and more recently when I took over as Chief Executive. I
joined as Finance Director in 1999, having previously advised the
board as a consultant since its first year, 1995, and I was
appointed as CFO in 2003, before listing on AIM in 2005. I've been
part of every stage of Alternative Network's development to date.
The Company is in great shape, with a dynamic proposition and a
strong management team and is well positioned for future
growth."
James Murray, Chairman and co-founder of Alternative Networks,
said:
"Edward has been a driving force behind the development, growth
and success of Alternative Networks. As a director, he has led our
strategy of organic and acquisitive expansion, which has
transformed the business from a telecommunications reseller, into a
thriving business technology managed service provider. He has
helped build a strong business with a great future and we are
incredibly grateful for the contribution he has made.
"I am pleased that the Board has been able to appoint an
internal candidate of Mark's calibre and given his intimate
knowledge of both the company and the industry, I am confident of a
seamless transition."
Mark Quartermaine has 30 years' experience in the ICT industry
in a variety of roles at IBM and BT Global Services, including MD
of Public Sector as well as its UK President. Before joining
Alternative, Mark was Vice President of UK & Ireland for
Juniper Networks. He also served as a non-executive director on
Alternative Networks' board from 10 December 2012 until January
2014. In May 2014, he was appointed as COO of Alternative Networks.
Since then, Mark has overseen the successful integration of
ControlCircle and Intercept IT into the Company, an extensive
project which included the restructure of all sales and operations
functions and the development of new offices in London.
Mark Quartermaine said: "I am really looking forward to taking
on the role of CEO in October. Having been involved with
Alternative Networks for a number of years, I have seen the Company
grow into a business with so much to offer: passionate people and a
diverse product and managed service offering, which is wholly in
tune with the B2B space and customers' specific needs."
ENDS
For further information, please contact:
Alternative Networks
Aidan Jackson, Communications Director 0800 316 8866
Aidan.jackson@alternativenetworks.com
Investec Bank PLC- Nominated Adviser and Joint Broker 020 7597 5970
Patrick Robb / Carlton Nelson/Andrew Pinder
ABOUT ALTERNATIVE
Alternative is one of the country's leading providers of IT
solutions to businesses in the UK, from device to datacentre. We
offer a broad portfolio of IT technology and telecommunications
managed services, including cloud computing, virtualisation,
managed hosting, fixed line voice, mobile, systems, IP networks and
complex billing software solutions. www.alternativenetworks.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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