Board Appointment

RNS Number : 2868A

Pinnacle Technology Group PLC

18 February 2014

 



18 February 2014

Pinnacle Technology Group plc
("Pinnacle, the "Group" or the "Company")

BOARD APPOINTMENT

Pinnacle Technology Group plc (AIM: PINN) the AIM listed provider of converged technology solutions today announces the appointment of a new Chief Executive

Further to the announcement made on 6 December 2013 when the Company's existing Chief Executive, Alan Bonner, announced his intention to seek a successor, we are delighted to announce the appointment of Nicholas Scallan as the new Chief Executive with effect from 3^rd March 2014. Alan Bonner shall remain in his position as Chief Executive until such date, overseeing the handover to Nicholas.

Nicholas has a distinguished career record with some of the best names in the industry and is well equipped to deliver the leadership needed to take the Company into the future. He was most recently Director of Customer Solutions at Virgin Media Business and before that he spent nine years at Virgin Media, holding a number of commercial and operational roles including P&L management of the data products portfolio, customer engineering, and has overseen a number of organisational restructuring activities. Before Virgin Media, Nicholas was at Energis, responsible for broadband, data and internet related programmes. In The Netherlands he held the position of Networks Director for Enertel NV, and was involved in the sale of the business to a Dutch venture capital group. He studied Electrical Engineering at the University of Strathclyde, is a Chartered Engineer and a member of the Institute of Engineering and Technology.

Chairman of Pinnacle, Dr James Dodd, said: "I am delighted to welcome Nicholas to Pinnacle as we embark on the next phase of the Company's development. With a refreshed Board and senior management together with a supportive shareholder base, we are very optimistic that we now have all the elements in place to grow the Company into one of the UK's leading players.

The Board would like to express its gratitude to the outgoing Chief Executive, Alan Bonner, for his entrepreneurship in having built the Company from its start-up phase, to the extensive portfolio of products and skills it offers today. We look forward to Alan's continuing counsel and support as a major shareholder of the company."

Regulatory information

Nicholas Bryan Thomas Scallan (aged 40) currently holds, and has during the last five years immediately preceding the date of this announcement held, the following directorships or partnerships:

Current:  

None

Past:                      Kilmeston Road (Cheriton) Management Co. Ltd

There are no other matters which are required to be announced as required under paragraph (g) of Schedule 2 of the AIM Rules.

All company announcements can be found at: www.pinn.uk.com

For further announcements please contact:

Pinnacle Technology Group plc
Alan J Bonner, Chief Executive                                                                                                       
James Dodd, Chairman                                                                                                                    0208 185 6393

N+1 Singer                                                                                                                                          0207 496 3000
Shaun Dobson
Matt Thomas

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