Board Retirements
Summary by AI BETAClose X
11 December 2025
Yü Group PLC
("Yü Group", the "Company" or the "Group")
BOARD RETIREMENTS
Yü Group (AIM: YU.), the independent supplier of gas and electricity, meter asset owner, and installer of smart meters to the UK SME sector, today announces the upcoming retirement of two non-executive directors.
John Glasgow, Board Non-Executive Director and Tony Perkins, Senior Independent Director have both informed the Board of their intention to retire during 2026. A search for their successors is underway, and the Company will provide update once the process has been concluded. Both John and Tony will remain in their existing roles until such time as a successor for each is appointed.
Bobby Kalar, Chief Executive Officer, said:
"I would like to thank John for his invaluable support over the past decade having joined the Board when it listed in 2016. John has been instrumental in the success of the Group, and I wish him a very happy retirement.
Tony joined the board in 2020 with the principal task of strengthening our audit function and risk governance, he's successfully achieved that and more. I wish Tony all the best for the future.
John Glasgow, Non-Executive Director, said.
"It has been an immense privilege to serve on the Board of Yü Group. In that time, the business has transformed, growing from revenues of less than £5 million in 2015 to £645 million in 2024, while our talented team has expanded more than ten-fold. I am very proud to have played a part in supporting Bobby and the leadership team in the development of our people, systems, and customer propositions during this extraordinary journey.
As I prepare to retire next year, I do so with great confidence in the Group's future. The strategy is proven, the talent and ambition are in place, and the market opportunity is stronger than ever. I have no doubt that Yü Group will go on to achieve even greater success."
Tony Perkins, Senior Non-Independent Director, said.
"I have thoroughly enjoyed my six years at Yü Group, witnessing the rapid evolution in performance across multiple metrics.
As Chair of the Audit Committee, I'm particularly pleased to see a firmly established, proactive risk management framework combined with an embedded risk-aware culture. During a volatile period, including the pandemic and the energy crisis, the Group has consistently demonstrated its exceptional resilience, delivered with strong and decisive leadership underpinned by rigorous processes.
I have notified the Board that I plan to retire from the Group during 2026, providing sufficient time for a smooth and orderly succession process following the release of our 2025 Annual Report. I am confident that I will leave the Group in a very strong position and ready for the next phase of evolution as it continues to scale and take market share."
For further information, please contact:
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Yü Group PLC Bobby Kalar Andy Simpson
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+44 (0) 115 975 8258
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Panmure Liberum Bidhi Bhoma Edward Mansfield Satbir Kler
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+44 (0) 20 3100 2000 |
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Notes to Editors
Information on the Group
Yü Group PLC is a leading supplier of gas and electricity focused on servicing the corporate sector throughout the UK. We drive innovation through a combination of user-friendly digital solutions and personalised, high quality customer service. The Group plays a key role supporting businesses in their transition to lower carbon technologies with a commitment to providing sustainable energy solutions.
Yü Group has a clear strategy to deliver sustainable profitable growth (in a £50bn+ addressable market) and value for all of our stakeholders, built on strong foundations and with a robust hedging policy. The Group has achieved a compound annual growth rate of over 60% over the last four years and has significantly improved margin and profitability performance. In 2023 the Group launched Yü Smart to support growth through new opportunities in smart metering installation.
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