Smart Metering Systems PLC Board changes (9078Z)
28 Januar 2022 - 8:00AM
UK Regulatory
TIDMSMS
RNS Number : 9078Z
Smart Metering Systems PLC
28 January 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Smart Metering Systems plc
Board changes
Smart Metering Systems plc (AIM: "SMS", the "Group"), the fully
integrated energy infrastructure company owning and managing meter
assets, energy data, grid-scale batteries and other carbon
reduction ("CaRe") assets , announces that Alan Foy, CEO, has
indicated to the Board that he will step down as CEO and as an
executive director of SMS on 1 March 2022.
The Board is pleased to announce that Tim Mortlock, who has been
with the Group for over 20 years and has held the role of COO since
September 2019, will be appointed CEO from 1 March 2022.
Miriam Greenwood, Chairman, commented:
" On behalf of the Board I would like to express our sadness at
Alan leaving SMS and thank him for his tireless work over two
decades. Alan has very much driven SMS forward, particularly over
the last decade and following the Group's listing on AIM, a period
which has seen consistent and sustained growth as well as
diversification into new asset classes. The resilience of the
business which Alan has played a key role in building has been
particularly demonstrated over the last 2 years in a time of
unprecedented volatility in our markets. The Board wish Alan well
for the future.
Tim has been an integral part of our senior management team and
worked side by side with Alan for a number of years. The Board is
confident that he is the right individual to succeed Alan and to
continue to drive our business forward for our customers,
shareholders and employees. Tim will continue to be supported by
the existing executive leadership team and senior management."
For further information:
Smart Metering Systems plc 0141 249 3850
Alan Foy, Chief Executive Officer
Dilip Kejriwal, Investor Relations
Cenkos Securities plc (Joint Broker 0131 220 6939 / 020
and Nomad) 7397 8900
Neil McDonald / Pete Lynch
Investec Bank plc (Joint Broker)
Christopher Baird / Henry Reast 020 7597 5970
RBC Capital Markets (Joint Broker)
Matthew Coakes / Evgeni Jordanov 020 7653 4000
Instinctif Partners sms@instinctif.com
Tim Linacre / Guy Scarborough / Sarah
Hourahane 07917 178 920
Notes to Editors
Smart Metering Systems plc (www.sms-plc.com) is the fully
integrated energy infrastructure company owning and managing meter
assets, energy data, grid-scale batteries and other carbon
reduction (CaRe) assets. The Group manages and optimises these
assets through its in-house technology and data analytical platform
"METIS".
Established in 1995, SMS provides a full end-to-end service,
from funding and installation to management and maintenance, with a
highly skilled workforce, deep engineering expertise and
well-established industrial partnerships.
SMS is leading the low carbon, smart energy revolution in the UK
and is committed to reducing its own carbon emissions to net zero
by 2030. SMS has been recognised with the London Stock Exchange's
Green Economy Mark every year since it was introduced in 2019.
SMS plc is headquartered in Glasgow with a national presence
across twelve UK locations.
SMS's shares are listed on AIM.
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END
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