The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
6 September 2019
XPEDIATOR PLC
("Xpediator" or the "Company" or the "Group")
Directorate Change
Xpediator, (AIM: XPD), a leading provider of freight management services across the UK and Central and Eastern Europe announces that Stuart Howard will be stepping down from the Board with immediate effect, in order to pursue other business interests. Richard Myson, the Group's previous CFO and currently Head of Internal Audit, will resume the role of CFO on an interim basis until a permanent appointment is made.
Stephen Blyth will now continue as the Group's Chief Executive Officer and no longer move to become Executive Chairman as announced on 6 June 2019. Similarly, Alex Borrelli will remain as Non-Executive Chairman. The search for a new Non-Executive Director is well advanced and the Group expects to make an appointment soon. In addition, the search for a permanent CFO is well advanced.
Alex Borrelli, Non-Executive Chairman of Xpediator, commented:
"On behalf of the Board, I would like to thank Stuart for the good work he has done particularly in terms of strengthening key functions across the business. We wish him well for the future and will update the market on his successor and other Board changes in due course."
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Xpediator plc |
Tel: +44 (0)330 043 2395 |
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Stephen Blyth, Chief Executive Officer |
Email: info@xpediator.com |
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Cenkos Securities plc (Nominated Adviser & Joint Broker) |
Tel: +44 (0)20 7397 8900 |
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Max Hartley, Max Gould (Corporate Finance) |
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Nick Searle (Sales)
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Cantor Fitzgerald Europe (Joint Broker) |
Tel: +44 (0)20 7894 7000 |
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David Foreman, Michael Boot (Corporate Finance) |
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Caspar Shand Kydd (Sales) |
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Novella Communications (Financial Public Relations) |
Tel: +44 (0)20 3151 7008 |
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Tim Robertson |
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Fergus Young |
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About Xpediator:
Xpediator is a well-established international provider of freight management services. Established in 1988 by Stephen Blyth, the Group's international network of offices provides road, sea and air freight services, together with logistics and warehousing in the UK and Romania. The business offers integrated freight management within the supply chain logistics and fulfilment sector, through its three main areas: freight forwarding, logistics & warehousing and transport services. With headquarters in Braintree, Essex and country offices in nine CEE countries across 38 sites, the Group currently employs 938 people and was successfully listed on London's AIM market in August 2017.
For more information, please visit: www.xpediator.com.
Alternatively, do follow us on Twitter at @Xpediator or find us on LinkedIn at Xpediator Plc.