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Checkit PLC (CKT)

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Monday 12 July, 2021

Checkit PLC

Appointment of Chief Executive Officer

RNS Number : 8314E
Checkit PLC
12 July 2021
 

Checkit plc

("Checkit" or the "Group")

Appointment of Chief Executive Officer

 

Appointment of Chief Executive Officer

The board of directors of Checkit plc (the "Board") is pleased to announce that it has appointed Kit Kyte (previously Chief Commercial Officer of the Group) as Chief Executive Officer with immediate effect.

Kit Kyte brings deep domain and digital transformation experience and during his time as Vice President of Genpact he was responsible for European sales for the Consumer Goods and Life Sciences Division.  At Genpact, Kit looked after a client portfolio worth over £100m in Annual Recurring Revenues ("ARR") and over the last seven years, has personally completed deals with a cumulative value of over £200m. His extensive leadership experience spans a career which has included numerous combat roles as an Army Officer in the Royal Gurkha Rifles, as well as a consistent track record of leadership success in the private sector. Since joining Checkit as Chief Commercial Officer on 1 February 2021, Kit has overseen a significant transformation of the Growth  (sales and marketing) Function including a tripling of Checkit Connect's prospective pipeline.

Following this appointment, Keith Daley has decided to progressively step back from his executive role over a handover period of six months and then will remain on the Board as Non-Executive Chair.

Checkit's Executive Chair Keith Daley said: "We are delighted that Kit Kyte, an internal candidate, has been successful in the Group formal selection process for the position of Chief Executive Officer. This was the result of a comprehensive selection process which included a total of 165 internal and external candidates being assessed and 60 interviews taking place. Having worked with Kit during the past five months I have been impressed with his drive, strategic insight, practical approach and early sales successes."

Kit Kyte, Chief Executive Officer, commented: "I am honoured to have been given the opportunity to lead Checkit at such a pivotal moment. I truly believe that we have a unique product and value proposition, which will have a significant impact on the future of the deskless workforce.  I look forward to continuing to work with Keith and the Board as we position our business to meet this tremendous growth opportunity."

Notes

Save as disclosed below, there are no further disclosures to be made pursuant to Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies in respect of Kit Kyte's appointment. 

Christopher James Kyte ("Kit Kyte"), aged 39 does not currently hold any directorships and has not held any in the past five years.

Kit Kyte does not currently hold any ordinary shares in the Company. He currently holds 225,000 options over ordinary shares with an exercise price of 55.5p and 227,500 options over ordinary shares at an exercise price of 55.0p.

 

Checkit plc

 

+44 (0)1223 643313

www.checkit.net

 

 

Keith Daley (Executive Chair)

 

 

Aylsa Muir (Chief Financial Officer)

 

 

 

 

 

Yellowstone Advisory (Investor Relations)

 

+44 (0) 7710 164 120

Alex Schlich / Kate Divito

 

 

 

N+1 Singer (Nominated Adviser & Broker)

 

+44 (0) 20 7496 3000

Shaun Dobson / George Tzimas (Corporate Finance)

 

 

Rachel Hayes (Corporate Broking)

 

 

 

 

 

 

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