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Organisational changes
- 28 June 2016
Uvenco UK plc ("Uvenco'' or the "Company")
Uvenco (AIM: UVEN) provides the following update concerning certain signiϐicant
organisational changes:-
Financial Control
Michael Maltby, the Company's Company Secretary and Interim CFO, is leaving at the
end of June 2016 and is to be replaced by Peter Goodman, also in an interim capacity
until the end of the calendar year. Peter Goodman has been Group Financial Controller
of the Company since March 2016.
Peter attained a degree from Magdalen College, Oxford before qualifying as an ACA in
1999 with Deloitte LLP in London. Since then he has held several senior roles in the
accounting profession before most recently being the Group Financial Controller at
Kimberley Rentals Group a private equity backed plant hire company.
Sales and Operations
As part of the on‑going reorganisation of the Company's vending division the Company
continues to establish a regional structure. Following the resignation of the Group Sales
Manager these three regions of North (based in Blackburn), Midlands (based in
Corby/Newport) and South (based in London) will each have their own sales team
working alongside the three Depot Managers. This regional focus will ensure
increasing emphasis on customer relationships, service performance and depot based
proϐit responsibilities. The resulting structure will see the three Regional Sales
Managers reporting to the CEO, while the Depot Managers will now report to Steve
Cunliffe in his new role of General Operations Manager.
Audit
The Company's audit is progressing in line with our agreed timetable and it expects to
announce audited ϐinancial results for the year ended 31 March 2016 during
September 2016.
Sergei Kornienko, the Company's CEO commented, 'I am very pleased to be
appointing Peter to head‑up our ϐinance function after demonstrating early on in his
time with us that he has the skills we need to restore our ϐinancial credibility. I would
also like to take this opportunity to thank Michael for his important contribution to the
Company over the last 15 months.'
For further information:
Uvenco UK PLC
Sergei Kornienko, CEO
Peter Goodman, Interim CFO 020 8879 8300
Stockdale Securities Limited
Tom Grifϐiths
Richard Johnson
020 7601 6100