Pace PLC New CFO Appointment (2642X)
November 18 2014 - 2:01AM
UK Regulatory
TIDMPIC
RNS Number : 2642X
Pace PLC
18 November 2014
Pace plc: New Chief Financial Officer Appointment
Saltaire, UK, 18 November 2014: Pace plc ("the Company"), a
leading global developer of technologies and products for PayTV and
broadband service providers, today announces that after completing
a thorough search and interviewing a high calibre shortlist , Mark
Shuttleworth will be appointed as Chief Financial Officer and join
the Board of Directors with effect from 12 January 2015.
Mark served as the CFO of Emirates Integrated Telecommunication
Company PJSC, known as "du". He joined in the role in 2005 and was
responsible for managing the financial and business investment
strategy of the start-up operator; leading the $660m IPO of the
business on the Dubai Financial Markets; and building the business
to a market capitalisation of $8bn and revenues of $3bn. Prior to
du, Mark was CFO of Qatar Telecom, "QTel" from 2003 to 2005. A
Yorkshireman, Mark will be based at Pace's Saltaire HQ.
Mike Pulli, CEO, commented: "We are delighted to welcome Mark to
the business. He is a highly experienced and established finance
leader with an entrepreneurial spirit and track record of
delivering great results. This background combined with a wealth of
international experience working for both service providers and
technology vendors will enable Mark to play a crucial role in
Pace's continued progress".
Allan Leighton, Chairman, commented: "I am pleased Mark will be
joining Pace. The Company has made great progress over the last few
years but there remains a significant opportunity for further
improvement. I strongly believe Mark will contribute materially in
helping Pace to achieve even greater success".
Mark Shuttleworth was a director of ORA Telecom Ltd from May
1999 to May 2001, which was subsequently placed into receivership
in November 2001 and European Telecom PLC between July 2001 and May
2002, which was placed into administrative receivership in May
2002. There is no further information required to be disclosed
pursuant to LR9.6.13R in respect of Mark Shuttleworth.
-ends-
For further information please contact:
Charles Chichester Chris Mather
Pendomer Communications Pace plc
+44 (0) 203 6035 220 +44 (0) 1274 538 330
Note to Editors:
Biography - Mark Shuttleworth, Chief Financial Officer Pace
plc
Mark Shuttleworth will be appointed as Chief Financial Officer
and join the Board of Directors with effect from 12 January 2015. A
Yorkshireman, Mark will be based at Pace's Saltaire HQ.
Most recently, Mark served as the CFO of Emirates Integrated
Telecommunication Company PJSC, known as "du" (DU:UH). He joined du
in 2005 and was responsible for managing the financial and business
investment strategy of the start-up operator; leading the $660m IPO
of the business on the Dubai Financial Markets and building the
business to a market capitalisation of $8bn and revenues of
$3bn.
Prior to du, Mark was CFO of Qatar Telecom "QTel" (now
"Ooredoo", ORDS:YH) from 2003 to 2005. Mark has also served as
Group Finance Director of European Telecom PLC, Group Finance
Director at ORA Telecom Ltd and held a number of senior finance
roles at Sensormatic Electronics Corporation Inc.
Mark qualified as an accountant with Lubbock Fine and later
worked at Price Waterhouse as a Senior Manager in Corporate
Restructuring.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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