KCOM Group PLC Management Succession (6644F)
February 22 2018 - 7:00AM
UK Regulatory
TIDMKCOM
RNS Number : 6644F
KCOM Group PLC
22 February 2018
22 February 2018
KCOM Group PLC
Management Succession
KCOM Group PLC (KCOM.L) announces that it has started the
process to recruit a new Chief Executive, in order to effect a
managed succession plan for the Group's leadership.
Bill Halbert - the Group's Chief Executive - will remain with
the business while an orderly handover of his responsibilities
takes place. The Board has appointed recruitment advisors to assist
it in identifying and reviewing both internal and external
candidates for the role.
Mr Halbert first joined the KCOM Group PLC Board as a
Non-Executive Director in September 2006. During his eleven years
with the Group, he has held a number of leadership positions,
having first stepped up in July 2009 to become Executive Chairman
and, subsequently, on 1 April 2014 becoming Chief Executive of the
Group.
Graham Holden, Chairman said:
"Bill has made a significant contribution to the development of
the Group, particularly since his appointment as Executive Chairman
in 2009. Under his leadership, the business has been fundamentally
strengthened in terms of its financial position and its reputation
in its chosen markets. On behalf of the Board, I would like to
thank him for his dedication and commitment to KCOM, and for his
continued support in delivering an orderly transition of
leadership."
As stated in the Company's trading update ahead of its Capital
Markets Day on 1 February, the Group remains on track to deliver an
overall EBITDA performance that is slightly ahead of the Board's
expectation, and a revenue performance slightly behind, for the
financial year ending 31 March 2018.
The Group will release its preliminary results for the year
ended 31 March 2018 on 5 June 2018.
ENDS
For further information,
please contact:
KCOM Group PLC 01482 602 595
Graham Holden, Chairman
Cathy Phillips, Investor
Relations
FTI Consulting LLP 020 3727 1017
Edward Bridges
Matt Dixon
Jamie Ricketts
This information is provided by RNS
The company news service from the London Stock Exchange
END
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