Avanti Communications Group Plc Directorate Change (6421N)
August 10 2017 - 5:00AM
UK Regulatory
TIDMAVN
RNS Number : 6421N
Avanti Communications Group Plc
10 August 2017
10 August 2017
Avanti Communications Group plc
("Avanti" or the "Company")
Directorate Change
Avanti Communications Group plc announces that CEO, David
Williams, is stepping down from the board and leaving the
Company.
His immediate replacement will be Alan Harper, currently a board
non-executive director who joined in March 2017, who will assume
the role of interim CEO.
Alan is a highly respected telecoms veteran from the telecoms
industry with relevant experience in European and African markets.
He has worked at Vodafone as Group Strategy Director and more
recently founded and ran Eaton Towers, which served most of the
major telcos that are a key part of the strategy for expansion at
Avanti. Alan is also chairman of Azuri Technologies and of Gigabit
as well as a non-executive director of MTN.
A comprehensive search to recruit a new full-time CEO will
commence in due course.
Chairman, Paul Walsh said: "We are grateful to David Williams
for the contribution he has made to the business since it was
founded. He has led the Company through extremely challenging
circumstances and market conditions. Avanti remains a world-class
technology enterprise with a world-beating technical team in which
significant latent value endures."
David Williams said: "I have been honoured to work with such a
talented and dedicated team who have contributed so much to this
Company. They should be proud of what they have built and I am
confident that the excellent service they deliver to customers will
see Avanti continue to grow and flourish".
This announcement contains inside information.
-ENDS-
For further information please contact:
Avanti
David Bestwick/Nigel
Fox +44(0)207 749 1600
Montfort:
Nick Miles + 44 7973 130669
Redleaf: +44 (0)207 382
Lara Pyliotis 4763
Cenkos Securities
plc
Max Hartley (Nomad) +44 (0) 20 7397
/ Julian Morse 8900
Notes to Editors
About Avanti Communications
Avanti connects people wherever they are - in their homes,
businesses, in government and on mobiles. Through the HYLAS
satellite fleet and more than 180 partners in 118 countries, the
network provides ubiquitous internet service to a quarter of the
world's population. Avanti delivers the level of quality and
flexibility that the most demanding telecoms customers in the world
seek.
Avanti is the first mover in high throughput satellite data
communications in EMEA. It has rights to orbital slots and Ka-band
spectrum in perpetuity that covers an end market of over 1.7bn
people.
The Group has invested $1.2bn in a network that incorporates
satellites, ground stations, datacentres and a fibre ring. Avanti
has a unique Cloud based customer interface that is protected by
patented technology.
Avanti Communications is listed in London on AIM (AVN: LSE).
www.avantiplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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