Good Energy Group PLC CEO succession planning (9358N)
February 04 2021 - 2:00AM
UK Regulatory
TIDMGOOD
RNS Number : 9358N
Good Energy Group PLC
04 February 2021
Good Energy Group PLC
CEO succession planning
Good Energy Group PLC (AIM: GOOD), the 100% renewable
electricity supplier and energy services provider ("Good Energy" or
"the Company") today announces that Juliet Davenport OBE, Chief
Executive Officer of the Company ("CEO"), has decided to transition
from her role as CEO and take up a Non - Executive Director ("NED")
position with the Company as well as its subsidiary Zap-Map. Juliet
will remain CEO of the company while the formal process to find the
new CEO is undertaken.
This transition is part of the continuing evolution of Good
Energy from its roots as a simple green energy provider to a newer
world green energy services and 'mobility as a service' provider.
With Good Energy now well established as a leading renewable energy
provider and following a period of significant internal investment
and progress, Juliet has decided that now is the appropriate time
to bring in a new CEO to take the business forward.
Juliet founded Good Energy as a fledgling entrepreneur two
decades ago with a clear purpose to give consumers the power to
tackle climate change by choosing renewable power. Good Energy was
an early pioneer in small-scale renewables creating HomeGen in
2004, which was a first of its kind and lay the foundations for
what became the Feed-in Tariff scheme. Good Energy has since
developed over 50MW of solar and wind assets, grown the 100%
renewable supply business and recently announced new capabilities
in electric vehicles, spearheaded by Zap-Map, in the strategic
development of mobility as a service and a fully vertically
integrated business model.
Juliet is a recognised and influential industry figure, and her
experience and insights will continue to play an important role in
the continuing growth of both Good Energy and Zap-Map. Juliet's
ongoing commitment as a Non - Executive Director of Good Energy and
Zap-Map will provide a strong platform to support both the Board
and new CEO moving forward.
Good Energy has appointed an Executive search firm to recruit a
new CEO, with proven experience in growing digital businesses, to
guide Good Energy in this new customer centric, digital world. The
process, which is already underway, will cover a pool of external
and internal candidates, and the Company will update shareholders
in due course. As internal candidates will be considered for the
position, the Good Energy NEDs are operating an independent process
for this exciting role to take the Company into the next stage of
its growth.
Juliet Davenport, CEO and Founder, Good Energy, and Chairman of
Zap - Map said:
"I'm immensely proud of Good Energy and the work that it has
done in transforming the UK energy horizon, leading on
decentralised energy, innovating in green funding and challenging
the market at every step to become Zero carbon. As the industry
moves from a world of Megawatts to Megabytes it is time to bring a
fresh approach to taking the company forward, making it an optimal
time for this transition. I look forward to supporting the new CEO
when they are appointed to assist with the transition to a true mid
21(st) century energy as a service business, in a world moving
faster towards zero carbon."
Will Whitehorn, Chairman of Good Energy said:
"I would like to thank Juliet for the fantastic job she has done
in building Good Energy. Her energy and entrepreneurial spirit have
been critical to its success. We are delighted that Juliet will
remain involved and committed to the future growth of the business
and supporting the new CEO as they take the business forward. This
is an exciting time for the business as we develop the Good Energy
and Zap-Map brands in the new markets of energy and mobility
services, and a great opportunity".
Good Energy has appointed FWB Park Brown as exclusive Executive
search firm to run the process to recruit a new CEO for Good
Energy
Enquiries:
Good Energy Group PLC Email: press@goodenergy.co.uk
Juliet Davenport, Chief Executive Phone: +44 (0) 7718 671003
Charles Parry, Investor Relations
Luke Bigwood, Communications
Investec Bank plc (Nominated Adviser Tel: +44 (0) 20 7597 5970
and Joint Broker)
Jeremy Ellis
Sara Hale
Canaccord Genuity Limited (Joint Broker) Tel: +44 (0) 20 7523 4617
Henry Fitzgerald - O'Connor
Georgina McCooke
FWB Park Brown Tel: +44 (0) 131 539 7087
Ailsa Sutherland
Notes to editors:
About Good Energy www.goodenergy.co.uk
Good Energy is a generator and supplier of 100% renewable power
and an innovator in energy services. It currently owns two wind
farms, six solar farms and sources electricity from a community of
1,600 independent UK generators.
Since it was founded 20 years ago, the company has been at the
forefront of the charge towards a cleaner, distributed energy
system. Its mission is to support UK households and businesses
generate, store and share clean power.
Good Energy is recognised as a leader in this market, through
our green kite accreditation with the London Stock Exchange and as
a top rated Green energy supplier by Which?.
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